Oil Retreats as Fed-Driven Rally Fizzles: Brent Falls 1.48% to $87.66

On August 13, 2026, Brent crude fell 1.48% to $87.66 and U.S. crude dropped 1.67% to $81.88, partially unwinding a 5% August 10 rally fueled by Federal Reserve rate-cut expectations rather than supply shifts. Lower WTI levels, if sustained, could ease near-term retail gasoline prices. The reversal came without a new supply-side headline.