Oil slips below $88 as demand fears trump Iran war risk
Brent crude fell 1.5% to $87.69 a barrel on Thursday, while US WTI dropped 1.6% to $81.97, after analysts and agencies cut global oil demand forecasts for 2026. Opec reduced its demand…
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IEA warns of 1.8 million bpd oil supply deficit in Q3
The International Energy Agency has warned of a 1.8 million barrel per day deficit in global oil supply in the third quarter of this year. The warning comes as Ukrainian drone attacks…
