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The Economic Times

Veer Sharma

Oil Price Today (October 6): Crude oil below $101 as supply concerns ease but Houthi attack keeps traders on edge

Oil crude oil Daan Struyven Goldman Sachs United States Veer Sharma Saudi Arabia G7 JPMorgan SEBI

Oil prices remained choppy on Tuesday as steady Middle Eastern crude exports and a planned G7 emergency stockpile release eased concerns over supply, although attacks by Yemen’s Houthis on Saudi targets continued to keep traders alert to risks facing Gulf oil flows.

Supply concerns cooled after G7 countries agreed on Friday to release 100 million barrels of diesel and crude from emergency reserves. The group also pledged not to impose energy export restrictions following pressure from US President Donald Trump.

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