Oil prices slip as Middle East crude exports recover

Oil prices fell Tuesday as investors saw signs of recovering Middle East crude exports, with Brent down 1.3% to $103.88 and West Texas Intermediate down 2.16% to $90.58, though both remain on track for monthly gains. Saudi Arabia resumed tanker loadings at Yanbu after restarting its East-West Pipeline, and September exports from key producers hit 16.328 million barrels per day, the highest since the US-Israeli war on Iran began. President Trump denied offering Iran concessions to end the conflict. The White House urged the EU to draw down diesel reserves and considered regulatory relief for red-dyed diesel sales to lower prices, while US crude and gasoline inventories were expected to have fallen last week.