YahooAugust 13, 2026 at 2:10 PM NY22 days ago

OPEC And IEA Each Took A Knife To 2026 Oil Demand Outlooks. How Bad Are They Really?

Oil futures stumbled Thursday as two key reports point to weaker global demand for oil in 2026. CME Group data shows U.S. crude oil prices are off morning lows but down 1.7% to $81.88 a barrel in afternoon action. Crude oil prices bounced back over the past week as faith in a Strait of Hormuz deal waned.

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