Oil prices fall 2.5-3.5% as Middle East crude exports recover

Oil prices settled lower with Brent crude at $102.59 per barrel and WTI at $89.38 after Saudi Arabia resumed loadings at Yanbu port following restart of the East-West Pipeline; Middle East crude exports rebounded to 16.3 million bpd in September, the highest since the Iran war began in February, per Kpler data. Brent is still on track for a 13-14% monthly gain amid ongoing supply concerns.