{
  "id": 7928841,
  "title": "Oil Price Today (September 17): Crude oil falls below $105 even as Middle East tensions simmer. Here’s why",
  "url": "https://urgent.news/2026/09/17/oil-price-today-september-17-crude-oil-falls-below-105-even-as-middle",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T02:16:41.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/commodities/news/oil-price-today-september-17-crude-oil-falls-below-105-even-as-middle-east-tensions-simmer-heres-why/articleshow/134299659.cms"
  },
  "original_language": "en",
  "account": "Oil prices fell below $105 on Thursday, despite Middle East tensions persisting, due to reports that Saudi Arabia was supplying additional crude through Oman, easing supply concerns. Saudi Arabia had offered more crude shipments to Asian refiners via ship-to-ship transfers off Oman's Sohar port, according to Reuters. This provided some relief from the supply impact caused by attacks on Saudi Arabia's East-West pipeline, which transports oil to the Red Sea. However, Brent crude futures still dropped $1.25, or 1.22%, to $104.62 per barrel, while U.S. West Texas Intermediate futures fell $1.16, or 1.2%, to $101.20 per barrel. Both futures had declined by about $3 on Wednesday.\n\nThe decline in oil prices came after Saudi Arabia had suspended crude loadings at its Red Sea export hub of Yanbu and canceled some crude cargo deliveries to European customers following attacks on the East-West pipeline. The pipeline, which supplies Yanbu, was attacked last week, causing two pumping stations to be damaged. The timeline for repairs remains unclear. Despite the recent decline in oil prices, concerns over the widening Middle East conflict persist, as Saudi warplanes struck Yemen and Houthi fighters launched drones and missiles at Saudi cities. Goldman Sachs warns that risks remain high for oil prices, with a potential rise to $120 per barrel if shipping disruptions intensify. If normal exports return, prices are expected to fall back towards $80 per barrel.",
  "summary": "Brent crude futures fell $1.25, or 1.22%, to $104.62 a barrel, while U.S. West Texas Intermediate futures declined $1.16, or 1.2%, to $101.20 a barrel. Both benchmarks had dropped by about $3 on Wednesday.",
  "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."
}