β½ Oil prices drop as US stocks pile up
Oil prices fell on Wednesday after increased US crude inventories overshadowed Saudi supply worries. Brent crude futures dropped to $107.82 a barrel, while WTI futures hit $104.86 per barrel. US crude inventories rose by 7.1 million barrels for the week ending September 11. This happened despite Saudi Arabia suspending oil loadings at its Yanbu hub after a pipeline attack. Experts suggest repairs could take five to six weeks, further impacting global energy flow. π