India, Sept. 18 -- Oil Price Today (September 18): Oil markets are showing an unusual mix of falling prices and rising geopolitical risks. Crude extended its decline for a third straight session on Friday, September 18, as traders placed greater weight on efforts to restore Saudi oil flows and create alternative supply routes than on fresh fighting between Saudi Arabia and Yemen's Iran-backed Houthis. Brent remained above $100 a barrel, while WTI traded around the same level.

The retreat comes just days after oil surged to around four-month highs when attacks disrupted Saudi Arabia's East-West pipeline and forced the suspension of crude loadings at Yanbu. The market is now reassessing how much supply could return and how quickly Saudi Ar...