Commodities

Saudi Pipeline Repairs Weigh on WTI Oil Price

Guavy AI Editorial Team Published September 18, 2026

Instruments

Oil

The price of WTI Oil has pulled back to around $95.50 as Saudi Arabia works to restore its East-West pipeline, which was damaged by drone attacks last week.

The kingdom is seeking to restore about half of the pipeline's capacity within days and has rerouted exports via Oman using ship-to-ship transfers at Sohar.

This development has weighed on prices despite ongoing supply risks in the Middle East, with oil eases nearly 2% as a result.

The Wire

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