Oil slips to $105 amid Middle East conflict, supply concerns
Oil prices declined in early Friday trading as investors assessed escalating Middle East tensions and potential U.S. plans to ease restrictions on certain oil tankers.
October 16, 2026 (MLN): Oil prices declined in early Friday trading as investors assessed escalating Middle East tensions and potential U.S. plans to ease restrictions on certain oil tankers. Currently, Brent crude futures is down, 0.64%, at $105.24 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is down by $2.22, or 2.27%, to $95.75 per barrel by [11:05 am] PST. Prices ha...