Brent Falls to $103.83 as Saudi Supply Hopes Offset Fresh Houthi Attacks
Updated
Updated · CNBC · Sep 18
Brent Falls to $103.83 as Saudi Supply Hopes Offset Fresh Houthi Attacks
3 articles · Updated · CNBC · Sep 18
Summary
Brent crude slipped 0.94% to $103.83 a barrel on Friday, while U.S. WTI fell 0.88% to $101.01, as traders pared some geopolitical premium.
Saudi Arabia's ability to reroute some crude shipments to Asian buyers via Oman eased fears after Houthi attacks shut a key pipeline, suggesting more barrels can still reach market.
Thursday's cross-border strikes between Saudi forces and Yemen's Iran-backed Houthis kept supply risks alive, with the East-West pipeline restoration timeline now a key market focus.
Analysts said oil remains driven more by disruption probabilities than by traditional supply-demand signals, leaving prices highly sensitive to Hormuz, export-route and terminal developments.