{
  "id": 11076174,
  "title": "WTI falls to near $89.00 as Middle East oil shipments recover",
  "url": "https://urgent.news/2026/10/01/wti-falls-to-near-89-00-as-middle-east-oil-shipments-recover",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T01:20:32.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/wti-falls-to-near-8900-as-middle-east-oil-shipments-recover-202610010120"
  },
  "original_language": "en",
  "account": "On Thursday, West Texas Intermediate (WTI) oil prices dropped to around $89.10 per barrel during Asian hours. This decline came as investors considered the potential recovery of Middle East oil shipments and the ongoing US-Iran negotiations. Saudi Arabia had restored half the capacity of its East-West pipeline, increasing flows through the Strait of Hormuz to 13.2 million barrels per day. However, prices may rise as markets remain cautious about the sustainability of this recovery without a lasting resolution to the conflict, particularly with both Iran and the United States asserting control over the strategic waterway. OPEC+ is set to maintain November output quotas unchanged during their upcoming weekend meeting. In response to the supply increase, Deutsche Bank analysts noted that the US had announced it would release up to 40 million barrels from its Strategic Petroleum Reserve, marking its final drawdown in the coordinated global release of oil announced earlier in the year. This additional supply helped stabilize oil prices, even as the complex faced pressure toward the close.",
  "summary": "West Texas Intermediate (WTI) oil price loses ground after posting modest gains in the previous day, trading around $89.10 per barrel during Asian hours on Thursday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}