Oil Prices Decline as Saudi Arabia Restores Crude Supply
The global commodity markets experienced mixed trading on September 23, 2026, as oil prices declined due to increased supply from Saudi Arabia and hopes for a diplomatic resolution in the US-Iran conflict.
Saudi Arabia's decision to restore crude supply through a key pipeline to the Red Sea contributed to the decline in oil prices. Brent crude futures fell by 7 cents (0.07%) to $99.18 per barrel, while West Texas Intermediate futures dropped by 35 cents (0.39%) to $90.17 per barrel.
Gold prices remained steady as traders monitored the progress of US-Iran talks for clues on how energy costs will influence the Federal Reserve's interest rate path. Bullion was trading around $4,360 an ounce after swinging between gains and losses on Tuesday before ending the session up 0.4%.