Oil Falls 1.5% as Demand Fears Outweigh Supply Risks, Gold Holds as Key Hedge — Brent crude drops to $87.69/barrel and WTI to $82.00/barrel as weaker global demand forecasts offset Hormuz supply concerns. US inflation data cools with CPI at 3.4% and PPI dropping to 4.7%, lowering Fed September rate hike odds to 40%. S&P…