Brent Breaks Six-Day Rally as U.S. Crude Stocks Surge

VG Markets · 2026-08-14T01:41:32Z

Brent fell 2.2% to $86.99, ending a six-day rally after U.S. crude inventories jumped 17.4 million barrels, far above expectations for a draw. The IEA also sees 2026 oil demand falling 1.6 million bpd, offsetting supply risks from Hormuz. Traders should watch inventories and Hormuz flows for the next move.

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