Saudi Oil Exports Recover Amid Houthi Attacks and Tensions

Oil prices have eased on Monday due to recovering Saudi crude shipments offsetting concerns over Houthi attacks and US-Iran tensions.

Brent crude futures fell to around $101.70 a barrel, while US West Texas Intermediate (WTI) crude dropped to about $98.20, their lowest levels since September 10.

The decline came despite fresh attacks claimed by Yemen's Iran-backed Houthis targeting sites in Riyadh with missiles and drones and an Aramco facility in Yanbu, an important oil export hub on the Red Sea.

Saudi oil exports have recovered to more than 4 million barrels per day in September, compared with 2.4 million barrels per day in August, according to provisional Kpler data cited by Reuters.