{
  "id": 8172094,
  "title": "Brent crude falls below $104 as West Asia supply fears ease",
  "url": "https://urgent.news/2026/09/18/brent-crude-falls-below-104-as-west-asia-supply-fears-ease",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T04:30:39.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/commodities/brent-crude-falls-below-104-as-west-asia-supply-fears-ease/article71479366.ece"
  },
  "original_language": "en",
  "account": "Brent crude oil futures dipped below $104 per barrel on Friday as concerns over supply disruptions in West Asia eased. By 9:59 am, the price of Brent oil futures had fallen to $103.85, a 0.93 percent decline, while WTI (West Texas Intermediate) crude oil futures dropped to $101.28, a 0.62 percent decrease. The price of September crude oil futures on the MCX dropped to ₹9688, a 0.72 percent decline from the previous close of ₹9758. October crude oil futures also fell to ₹9264, a 0.73 percent decrease from the previous close of ₹9332. Saudi Arabia is aiming to restore about half of the capacity of its East-West pipeline within a few days, following damage caused by Houthi drone attacks. The pipeline incident has raised fears that a prolonged closure could cut off approximately 4 percent of global oil supply. Saudi Arabia has reportedly offered crude shipments through ship-to-ship transfers off Oman’s Sohar port. US President Donald Trump hinted at a significant decision regarding Iran, stating he is weighing whether to launch large-scale attacks on the Iranian regime or not. Trump's remarks come ahead of a meeting with Gulf leaders on Tuesday, the day before the UN General Assembly in New York. September natural gas futures on the MCX were at ₹275, a 1.50 percent drop from the previous close of ₹279.20. On the NCDEX, October guar gum contracts were at ₹13308, up 0.83 percent from the previous close of ₹13199, and October turmeric futures were at ₹20046, down 1.07 percent from the previous close of ₹20262.",
  "summary": "At 9.33 am on Friday, November Brent oil futures were at $103.99, down by 0.79%, and October crude oil futures on WTI were at $101.25, down by 0.65%",
  "key_points": [
    "Brent crude falls below $104 per barrel",
    "West Asia supply concerns ease",
    "Saudi Arabia aims to restore East-West pipeline capacity"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "Stock Market LIVE: GIFT Nifty signals tepid open; Asia markets rise; Brent crude near $104",
        "url": "https://urgent.news/2026/09/18/stock-market-live-gift-nifty-signals-tepid-open-asia-markets-rise",
        "published": "2026-09-18T02:26:37.000Z"
      }
    ]
  },
  "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."
}