Oil drops on lower demand forecasts despite deadlock in US-Iran talks
BEIJING: Oil prices fell more than $1 on Thursday as forecasters loweredglobal oil demand projections for 2026 because of the disruptions from the US-Israeli war on Iran, though the supply constraints from the conflict provided a floor for the market. Brent futures dropped $1.29, or 1.5%, at $87.69 a barrel by 0100 GMT. US West Texas Intermediate (WTI) crude fell $1.30, or 1.6%, to $81.97. The…
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