Oil dropped 2% as massive US crude build and demand downgrades override Hormuz impasse

14 Aug 2026 Global crude benchmarks fell more than 2% on Thursday, snapping a multi-session rally as a massive surge in US crude inventories and downgraded global demand forecasts overshadowed ongoing Middle Eastern supply disruptions.

14 Aug 2026

Commodity Exchange: 14 August 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 14 August 2026 session with the following settlements.

13 Aug 2026 Brent NYMEX

Oil stalled near one-week high as demand downgrades offset Hormuz deadlock

Global crude benchmarks edged higher on Wednesday to maintain one-week highs, as persistent maritime strikes and diplomatic deadlocks in Middle Eastern negotiations were largely counterbalanced by slashed global demand forecasts.

13 Aug 2026

EIA: US crude stocks surge in massive build as export collapse and import influx overwhelm refiners

The massive build abruptly narrowed commercial inventory deficits to roughly 2% below the five-year seasonal average.

13 Aug 2026

Commodity Exchange: 13 August 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 13 August 2026 session with the following settlements.

12 Aug 2026 Brent NYMEX

Oil extended gains to one-week high as Iran vows prolonged Hormuz closure

Global crude benchmarks advanced on Tuesday to reach their highest settlement levels in a week, as hardline rhetoric from Tehran dashed expectations for a swift diplomatic resolution to restore traffic through the Strait of Hormuz.

12 Aug 2026

Freightos Baltic: Transpacific spikes on extended US demand while Asia-Europe slides

Container spot rates on Transpacific routes diverged sharply from broader market weakness this week, as unexpected US demand resilience and extended tariff frontloading propelled Asia-US West Coast rates up 11%.

12 Aug 2026

Commodity Exchange: 12 August 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 12 August 2026 session with the following settlements.

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