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Oil prices drop amid lower 2026 demand forecasts and Middle East shipping attacks

Market News
12 Aug 2026
New York Post
View Source
Bearish
Oil prices drop amid lower 2026 demand forecasts and Middle East shipping attacks

Oil prices fell after OPEC and the International Energy Agency cut their 2026 global oil demand forecasts, signaling weaker future consumption. Brent crude dropped to $88.42 per barrel and WTI to $82.95. The market also faced pressure from rising US crude inventories and ongoing attacks on shipping routes in the Middle East, including the Strait of Hormuz and Bab el-Mandeb Strait, which are vital for oil exports. These developments add uncertainty to supply and demand dynamics as talks to end the Iran conflict stall.

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Bioventus uses cash flow to cut debt and expand, boosting growth outlook and valuation appeal.

Bioventus uses cash flow to cut debt and expand, boosting growth outlook and valuation appeal.

Bioventus is leveraging cash generated from its established orthopedic products to reduce debt and fund commercial expansion. The company has improved its financing terms by extending its term loan maturity to 2030 and reducing its interest margin by...

Market News
Bullish
4 hours ago
Evotec's 1H26 revenue drops 20%, EBITDA turns negative; valuation now cautious with slow upside expected.

Evotec's 1H26 revenue drops 20%, EBITDA turns negative; valuation now cautious with slow upside expected.

Evotec reported a nearly 20% decline in revenue for the first half of 2026, alongside a sharp drop into negative adjusted EBITDA, signaling worsening fundamentals. Confidence in management's future targets has diminished, leading to a valuation based...

Company Fundamentals
Bearish
4 hours ago
Shibarium resolves reorg issue; dRPC migration and infrastructure updates ongoing

Shibarium resolves reorg issue; dRPC migration and infrastructure updates ongoing

Shibarium has fixed its reported blockchain reorganization (reorg) issue as of September 19, 2026, resolving a key network disruption. However, the decentralized RPC (dRPC) migration and other infrastructure upgrades remain incomplete, with no set de...

Protocol Fundamentals
Neutral
4 hours ago
Neutrl enables NUSD redemptions as on-chain rate nears $0.51, impacting token liquidity.

Neutrl enables NUSD redemptions as on-chain rate nears $0.51, impacting token liquidity.

Neutrl has opened redemptions for its NUSD stablecoin as the on-chain exchange rate approaches $0.51. This move allows holders to redeem their tokens, potentially stabilizing liquidity and market confidence. The redemption availability is significant...

Protocol Fundamentals
Neutral
5 hours ago
Bitcoin ETFs see volatile flows but end week nearly flat as BTC price rebounds above $81K

Bitcoin ETFs see volatile flows but end week nearly flat as BTC price rebounds above $81K

US spot Bitcoin ETFs experienced significant inflows and outflows over five trading days, starting with $159.9 million inflows on Sept. 14, followed by $746.3 million in withdrawals over the next two days. However, demand returned strongly with $592....

Market News
Bullish
5 hours ago
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