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Energy Preview: Oil prices pull back slightly amid assurance to ease war concerns
20-Mar-2026 09:29

Oil prices are eased on Friday morning in Asia after having touched a high of 100 mark yesterday as the leaders of the US and Israel sought to reassure traders rattled by damage to major Persian Gulf energy facilities. As per reports, US President Donald Trump said that he's 'not putting troops anywhere' after being asked about the possibility of deploying US ground forces, while Israeli Prime Minister Benjamin Netanyahu stated that Israel would refrain from more attacks on Iranian energy facilities. Meanwhile, according to the US Energy Information Administration (EIA) weekly report, crude oil stockpiles in the US for the week ending March 13 climbed by 6.156 million barrels, compared to a rise of 3.824 million barrels in the previous week. WTI crude oil futures are holding under $94 per barrel mark this morning but still stay up about 40% since the start of the conflict.

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