IEA cuts 2026 oil forecast: Fed rate cut bets in question
- —2026 production forecast cut to 100.7 million barrels per day (-1.3 million vs August)
- —Global oil consumption in 2026 will fall by 2.5 million barrels per day
- —Oil inventories fell by 95 million barrels in August, and by 507 million since February
- —Expected US inflation for the year rose from 4.0% to 4.6%
Why it matters: Sustained energy prices could delay a Fed rate cut and make borrowing more expensive for bitcoin holders.
Source: Digital Today