Updated Aug. 13, 2026 3:05 pm ET
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1459 ET – Crude futures settle lower after a string of gains with the U.S. and Iran both claiming to have control over the strategic Strait of Hormuz. “The stalemate in crude price movements comes at a time when we see no horizon for a return of constructive diplomatic momentum or a return to broad escalation, at least in the very short term,” XS.com senior market ***** yst Samer Hasn says in a note.That will keep the region “in a state of no peace and no war,” he says, with the possibility of major escalation keeping the risk premium high. The IEA’s and OPEC’s lowering of their demand forecasts, and the unexpectedly large build last week in U.S. crude inventories, could prevent sharp rises in oil prices, he adds. WTI settles down 2.4% at $81.25 a barrel and Brent falls 2.1% to $87.07. (anthony.harrupwsj.com)
0921 ET – Oil futures are lower after posting a string of gains, with the U.S. and Iran both claiming to have control over the Strait of Hormuz and still limited shipping through the waterway. The retreat is likely a technical correction, but could also be partly a delayed reaction to yesterday’s EIA report of a 17.4 million barrel U.S. commercial crude inventory build, Ritterbusch & ***** ociates says in a note. Although the stock build was likely a one-off to be followed by draws in coming weeks, the big reduction in the deficit “cannot be dismissed,” the firm adds. WTI is down 2.6% at $81.12 a barrel and Brent is down 2.3% at $86.97. (anthony.harrupwsj.com)
#strait #brent #futures
Listen
(3 min)
1459 ET – Crude futures settle lower after a string of gains with the U.S. and Iran both claiming to have control over the strategic Strait of Hormuz. “The stalemate in crude price movements comes at a time when we see no horizon for a return of constructive diplomatic momentum or a return to broad escalation, at least in the very short term,” XS.com senior market ***** yst Samer Hasn says in a note.That will keep the region “in a state of no peace and no war,” he says, with the possibility of major escalation keeping the risk premium high. The IEA’s and OPEC’s lowering of their demand forecasts, and the unexpectedly large build last week in U.S. crude inventories, could prevent sharp rises in oil prices, he adds. WTI settles down 2.4% at $81.25 a barrel and Brent falls 2.1% to $87.07. (anthony.harrupwsj.com)
0921 ET – Oil futures are lower after posting a string of gains, with the U.S. and Iran both claiming to have control over the Strait of Hormuz and still limited shipping through the waterway. The retreat is likely a technical correction, but could also be partly a delayed reaction to yesterday’s EIA report of a 17.4 million barrel U.S. commercial crude inventory build, Ritterbusch & ***** ociates says in a note. Although the stock build was likely a one-off to be followed by draws in coming weeks, the big reduction in the deficit “cannot be dismissed,” the firm adds. WTI is down 2.6% at $81.12 a barrel and Brent is down 2.3% at $86.97. (anthony.harrupwsj.com)
#strait #brent #futures
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