{"id":47246,"date":"2026-10-05T11:47:21","date_gmt":"2026-10-05T09:47:21","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=47246"},"modified":"2026-10-05T11:47:21","modified_gmt":"2026-10-05T09:47:21","slug":"oil-falls-as-middle-east-crude-exports-rise-g7-to-release-stocks","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/oil-falls-as-middle-east-crude-exports-rise-g7-to-release-stocks\/","title":{"rendered":"Oil falls as Middle East crude exports rise, G7 to release stocks"},"content":{"rendered":"<div>Oil prices fell on Monday as rising Middle East crude exports and \u200ba release of oil stocks by the Group of Seven nations boosted supplies, offsetting concerns about \u200cfurther damage to Gulf oil infrastructure as the United States (US), Israeli war on Iran drags on.<\/div>\n<div><\/div>\n<div>Brent crude futures fell 72 cents, or 0.71%, to $101.59 a barrel at, while US West Texas Intermediate (WTI) crude was at $90.05 a barrel, down $1.05, or 1.2%.<\/div>\n<div><\/div>\n<div>Brent gave up most of its gains \u200blast week while WTI was 1.6% lower after G7 countries agreed on Friday to release 100 million \u200bbarrels of diesel and crude from emergency reserves and pledged to refrain from energy export \u2060restrictions after pressure from US President Donald Trump.<\/div>\n<div><\/div>\n<div>The release will add to Middle Eastern crude exports which rose above \u200bpre-war levels in four of the seven days of the final week of September, shipping data showed on Monday, \u200bdespite attacks on vessels passing through the Strait of Hormuz.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":20970,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-47246","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Oil prices fell on Monday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47246\/revisions"}],"predecessor-version":[{"id":47247,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47246\/revisions\/47247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20970"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=47246"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=47246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}