Oil prices retreated from recent highs on Thursday amid expectations of weaker global demand this year.
Brent crude futures fell 2.1 percent to $87.13 a barrel, snapping a six-day advance after EIA data showed a massive increase in U.S. oil inventories last week and the International Energy Agency (IEA) cut its 2026 global oil demand outlook. WTI crude futures were down 2.1 percent at $81.50 a barrel.
Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
Start Free Trial
FREE 7-Day Trial – No Payment Required
Oil Prices Retreat On Demand Concerns
2026-08-13 09:47:13
