Oil gains as traders weigh Gulf tensions against strong Mideast exports

Oil gains as traders weigh Gulf tensions against strong Mideast exports

Arab News Oct 06, 2026 Oil gains as traders weigh Gulf tensions against strong Mideast exports

SINGAPORE: Oil prices made slight gains on Tuesday as security concerns in the Middle East kept ​a geopolitical risk premium in the market, even as resilient regional crude exports and a ‌G7 emergency stockpile release eased supply concerns. Brent crude futures were up 27 cents, or 0.3 percent, at $100.59 a barrel at around 06:30 a.m. Saudi time, while US West Texas Intermediate crude futures rose 30 cents, or 0.3 percent, to $89.73 a barrel. “Shipping data shows regional crude ​exports actually

Source: Arab News

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Arab News
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October 06, 2026 - 10:01 AM
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Oil gains as traders weigh Gulf tensions against strong Mideast exports

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Economy Technology

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