Oil prices slip as OPEC cuts 2026 demand forecast; Iran war keeps supply risks alive

Oil prices slipped by more than $1 on Thursday as a weaker outlook for global demand put further pressure on the market, while supply disruptions linked to the Middle East conflict continued to limit the fall. Global benchmark Brent crude was down 0.92% at $88.16 a barrel, while WTI crude fell 1.07% to $82.38 a barrel around 7:40 am IST.

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