{
  "id": 8170321,
  "title": "Oil prices fall 1% on hopes of limited supply disruptions",
  "url": "https://urgent.news/2026/09/17/oil-prices-fall-1-on-hopes-of-limited-supply-disruptions",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T22:12:17.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-prices-fall-1-hopes-limited-supply-disruptions"
  },
  "original_language": "en",
  "account": "Oil prices experienced a slight decline of 1% on Thursday as traders hoped for limited supply disruptions from conflicts in the Middle East. Despite fresh strikes between Saudi Arabia and Yemen's Houthi rebels, Brent crude futures dropped by US$1.01 to US$103.77 per barrel, while US West Texas Intermediate futures fell by US$1.03 to US$100.88 per barrel. The markets showed little concern over the ongoing tensions, as oil prices had previously reached four-month highs due to concerns about suspended crude loadings at Saudi Arabia's Red Sea export hub and cancelled deliveries to Europe. The East-West pipeline, a crucial link to Yanbu, was damaged in an attack, leading to estimates of a potential 4% reduction in global oil supply if repairs take longer than expected. Saudi Arabia attempted to partially mitigate the disruption by offering more crude cargoes to Asian refiners through ship-to-ship transfers. US Energy Secretary Chris Wright stated that crude should resume flowing through the pipeline within days. However, uncertainty remained, with JPMorgan stating on Thursday that it lacked a clear baseline view for oil markets for the first time since the US-Israeli war on Iran began.",
  "summary": "Both oil benchmarks closed about 1% lower on Thursday",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Oil prices fall 1% on hopes of limited supply disruptions",
        "url": "https://urgent.news/2026/09/18/oil-prices-fall-1-on-hopes-of-limited-supply-disruptions",
        "published": "2026-09-18T01:03:17.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Oil prices fall 1% on hopes of limited supply disruptions",
        "url": "https://urgent.news/2026/09/18/oil-prices-fall-1-on-hopes-of-limited-supply-disruptions-8143270",
        "published": "2026-09-18T01:12:23.000Z"
      }
    ]
  },
  "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."
}