Oil falls as rising U.S. inventories offset Saudi pipeline disruption fears

Sep 16, 2026 04:14 (39d ago)

Oil prices fell as traders assessed higher U.S. inventories and Saudi pipeline disruption risks.
U.S. crude, gasoline and distillate inventories all rose last week.
The U.S. war with Iran cost the Pentagon an estimated $38.1 billion through Aug. 1.

Oil prices fell as traders balanced an unexpected rise in U.S. crude inventories against potential supply disruptions following an Iran-backed attack on Saudi Arabia's East-West pipeline. U.S. crude oil, gasoline and distillate inventories all increased last week, Reuters reported. The U.S. war with Iran has cost the Pentagon an estimated $38.1 billion through Aug. 1.