After inching lower yesterday, crude oil prices continued to slump on Thursday following similar reports from energy agencies indicating that global oil demand is set to fall more heavily than previous expectations. The ongoing U.S.-Iran conflict and the resultant supply concerns limited the decline.
WTI Crude Oil for September month delivery was last seen trading down by $1.76 (or 2.11%) at $81.51 per barrel.
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Market Analysis
Crude Oil Tumbles Amid Concerns Over Decreasing Demand Despite Ongoing U.S.-Iran Standoff
2026-08-13 18:37:44
