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Oil prices dip as Middle East flows stay strong despite Saudi pipeline attacks and US-Iran tensions.

Market News
20 Sep 2026
CNBC
View Source
Bearish
Oil prices dip as Middle East flows stay strong despite Saudi pipeline attacks and US-Iran tensions.

Oil prices fell on Monday as traders monitored the steady flow of Middle East oil despite recent attacks on Saudi Arabia's East-West pipeline by Iran-backed Houthis. Brent crude dropped 1.66% to $102.15 per barrel, and US West Texas Intermediate fell 1.83% to $98.46 per barrel. JPMorgan analysts noted that oil flows remain surprisingly robust, averaging 17.1 million barrels per day recently, though still below 2025 averages. US President Donald Trump hinted at significant upcoming decisions regarding the US-Iran conflict, adding uncertainty to the market. Experts say oil prices will likely depend on how quickly exports normalize and diplomatic progress unfolds, with any setbacks potentially pushing prices higher again.

Oil market activity is notable for the typical hold time on Pluang of 148 days for Kinder Morgan Inc, a key energy stock. For readers following energy-sector stocks, here is Pluang's market snapshot as of Sep 21, 2026 09:11 WIB: out of 35 priced US energy stocks, 17 rose and 18 fell. Top movers include LEU (Centrus Energy Corp) up 5.66% at USD 146.88, RUN (Sunrun Inc) up 4.35% at USD 8.63, and KMI (Kinder Morgan Inc) up 3.61% at USD 31.84.

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