Brent and US Crude Futures Drop Over 2% on Inventory Build, Lower Demand

Hyperdash News08/13/2026 10:48 UTCCommodities

Brent and US crude futures dropped over 2% today. The decline followed an increase in US crude inventories. Lower demand projections from the International Energy Agency (IEA) and OPEC also contributed to the price drop.

The inventory build signals weakening demand or oversupply in the US market. The revised demand outlooks from major energy organizations like the IEA and OPEC further pressured prices, suggesting a softer global consumption picture.

Brent Crude has gained +0.02% on Hyperdash since the news, while

WTI Crude is unchanged at +0.00%.

Sources

First Squawk

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