# Oil Prices Drop Amid Middle East Crude Exports

> Middle East crude exports rise as G7 releases oil stocks, pushing prices down.
- Title: Oil Prices Drop Amid Middle East Crude Exports | Shortify
- Summary: Middle East crude exports rise as G7 releases oil stocks, pushing prices down. Oil prices fell after G7 nations released 100 million barrels of oil and…
- Keywords: breaking, brent crude futures, g7 oil stock release, middle east crude exports, saudi aramco, yemeni houthis, oil prices, wti crude, money, business, Oil, Prices
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/commodities/news/oil-climbs-after-yemeni-houthis-attack-saudi-aramco-sites/articleshow/134683741.cms
- Author: Reuters
- Published: 2026-10-05T01:53:00+00:00
- Read time: 1 min
- Topics: breaking, brent crude futures, g7 oil stock release, middle east crude exports, saudi aramco, yemeni houthis, oil prices, wti crude, money, business
## Oil Prices Slip
Oil prices slipped on Monday as rising crude exports from the Middle East and a release of oil stocks from Group of Seven nations added to supplies.
## Brent Crude Falls
Brent crude futures fell 35 cents, or 0.34%, to $101.90 a barrel by 0115 GMT, while US West Texas Intermediate crude was at $90.49 a barrel, down 62 cents, or 0.68%.
## G7 Releases Oil Stocks
G7 countries agreed to release 100 million barrels of diesel and crude from emergency reserves to address supply concerns.
## Middle East Crude Exports Rise
Middle Eastern crude exports rose above pre-war levels in four of the seven days of the final week of September, shipping data showed.
## Houthis Attack Saudi Aramco
The Houthis launched ballistic missiles and drones at Saudi Aramco sites in Riyadh and the Khurais area of Saudi Arabia in response to 50 Saudi-led air and missile strikes in Yemen.
## Aramco Cuts Prices
Aramco has unexpectedly cut November crude oil prices for Asia to six-year lows, adding to market pressure.
## OPEC+ Delays Output Review
OPEC+ delayed a review that would determine 2027 oil output quotas after the US-Israeli war on Iran disrupted projects to expand capacity across the Middle East.
## Key takeaway

Oil prices fell after G7 nations released 100 million barrels of oil and Middle East crude exports increased.