Oil Price Today (August 14): Crude oil dips below $88 despite Trump’s threat to blockade Iran indefinitely. What are experts saying?

Brent crude futures were down 30 cents, or 0.34%, at $86.77 a barrel, while US West Texas Intermediate (WTI) crude futures gained 34 cents or 0.42% to $80.92 a barrel. Both benchmarks had dropped more than 2% in the previous session, ending a six-session winning streak for Brent and a five-session run of gains for WTI. Despite the decline, both were headed for weekly gains of around 4%.

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