Business

Oil Prices Drop on Inventory Report and Pipeline Concerns

Updated 2026-09-16 04:25 UTC 1 source Negative

Oil prices fell due to a rise in U.S. crude inventories, despite concerns over potential supply disruptions from an attack on Saudi Arabia's East-West pipeline.

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CNBC

Oil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closure

Oil fell Wednesday, as an unexpected increase in U.S. crude inventories outweighed worries over supply disruptions after an Iran-backed attack on Saudi Arabia's East-West pipeline.

2026-09-16 04:14 UTC