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Oil prices slip as traders weigh strong Mideast exports against Gulf tensions
Oil prices edged down on Tuesday as resilient Middle Eastern crude exports and a G7 emergency stockpile release eased supply concerns, though attacks by Yemen’s Houthis on Saudi targets kept traders wary of risks to Gulf supplies. Brent crude futures lost 4 cents to $100.28 a barrel by 0003 GMT, while US West Texas Intermediate crude futures fell 11 cents, or 0.1%, to $89.33 a barrel. “Oil is little changed after yesterday’s decline as traders continue to digest a modest easing in supply-side anxiety,” said KCM Trade chief analyst Tim Waterer. Yemen’s Houthis say they targeted Saudi airp...
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