⛽ Oil prices dip as Saudi supply bounces back
Oil prices fell on Monday as recovery signs in Saudi Arabian crude shipments offset Houthi attacks in the Middle East. Brent crude futures dropped 0.78% to $103.06 a barrel at 0031 GMT, while WTI crude was down 0.89% at $99.41 a barrel. Saudi exports have recovered to just over 4 million bpd in September, up from 2.4 million bpd in August. Aramco is increasing exports through the Strait of Hormuz to compensate for pipeline disruptions. US-Iran tensions remain high despite China asking Iran to help manage the Houthis. ⛽