Oil prices decline amid weakening demand outlook and US inventory builds

Semafor · first seen 13.08.2026

Crude oil prices fell despite the ongoing stalemate involving Iran, weighed down by a weaker global demand outlook and rising US inventories.

Oil prices dropped despite Iran war stalemate
Weakened global demand and rebuilding US stocks drove the decline

Sources

Semafor — Oil prices sink despite Iran war stalemate

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Oil prices decline amid weakening demand outlook and US inventory builds — yoteki