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Global Business / The Economic Times

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US oil prices fall as investors gauge risks to Mideast supply

The price of US West Texas Intermediate crude dropped 0.9%, settling at $101.86 a barrel, showing sharp fluctuations after a previous days 3% climb. The situation worsened as Houthis targeted Aden airport and a key Saudi oil facility, which threatens energy security. In addition, Qatari mediators' draft for a deal with Iran was rejected by senior officials, amplifying the region's tension.

29 Oct 2026 7:31 am