WS #13998
OPEC and IEA slash 2026 demand outlooks, WTI falls 2.5% to $81.16, with EIA data confirming record U.S. exports and China's import decline, pressuring oil prices and supporting disinflation. Oman oil spill from a tanker and Ukraine attacks on Russian grain terminals highlight ongoing geopolitical risks, but oil prices fall on demand concerns, with Polymarket showing low odds of Hormuz normalization.
Oil demand slump and price decline
OPEC and IEA slash 2026 demand outlooks, WTI falls 2.5% to $81.16, with EIA data confirming record U.S. exports and China's import decline, pressuring oil prices and supporting disinflation.
Oman oil spill from a tanker and Ukraine attacks on Russian grain terminals highlight ongoing geopolitical risks, but oil prices fall on demand concerns, with Polymarket showing low odds of Hormuz normalization.