{
  "id": 7996186,
  "title": "WTI Oil holds near weekly lows as Saudi Oil exports find an alternative route",
  "url": "https://urgent.news/2026/09/17/wti-oil-holds-near-weekly-lows-as-saudi-oil-exports-find-an",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T08:57:48.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/wti-oil-holds-near-weekly-lows-as-saudi-oil-exports-find-an-alternative-route-202609170857"
  },
  "original_language": "en",
  "account": "Crude prices have been sliding for two days on Thursday, with the US benchmark West Texas Intermediate (WTI) Oil trading just under $97, down from the four-month highs above $102.00 earlier in the week, and nearing the bottom of the weekly range around $96.00. Reports suggest Saudi Arabia has found an alternative export route through Oman to Asia, easing some supply concerns following recent attacks on the Aast-West pipeline that transported Saudi Oil to the Yanbu port in the Red Sea. Saudi authorities announced plans to restore the pipeline, aiming to reach 40% of its capacity within days and become fully operational within six weeks. Meanwhile, the US reported a smaller-than-expected decline in commercial oil stocks last week, contributing to decreased supply concerns. Data from the US Energy Information Administration showed Crude inventories fell by 640K barrels last week, less than the anticipated 1.6 million drop, while gasoline and distillate stocks increased from the previous week. Despite ongoing tensions between the US and Iran, crude prices have not fallen further from the key $100 level. WTI Oil, sold on international markets, is considered high-quality and easily refined, sourced in the US and distributed via the Cushing hub. The price of WTI Oil is influenced by global growth, political instability, OPEC decisions, the US Dollar's value, and weekly inventory reports from the American Petroleum Institute (API) and the Energy Information Administration (EIA). OPEC's production quotas also impact WTI Oil prices.",
  "summary": "Crude prices are trading lower for the second consecutive day on Thursday, with the US benchmark West Texas Intermediate (WTI) Oil trading just below $97, down from the four-month highs above $102.00 hit earlier this week and drawing closer to the bottom of the weekly trading range around $96.00.",
  "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."
}