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Commodities 9 February 2026 - 28 February 2026

Oil prices snap higher as U.S.-Iran nuclear talks jolt Brent and WTI; OPEC+ decision next

Oil prices snap higher as U.S.-Iran nuclear talks jolt Brent and WTI; OPEC+ decision next

NEW YORK, Feb 26, 2026, 13:49 — Regular session Oil jumped over $1 on Thursday, bouncing back from earlier swings as traders zeroed in on the U.S.-Iran nuclear negotiations in Geneva. Brent crude ended up $1.17, or 1.65%, at $72.02 per barrel. U.S. West Texas Intermediate tacked on 87 cents, or 1.33%, to $66.29. “Not going so great” for diplomacy, said John Kilduff of Again Capital, reacting to the headlines. Phil Flynn at Price Futures Group warned that any deal lifting sanctions would spell a “bearish” turn for crude.
26 February 2026
Natural gas slips under $3 to a four-month low as forecasts warm — what it means for UNG

Natural gas slips under $3 to a four-month low as forecasts warm — what it means for UNG

NEW YORK, Feb 24, 2026, 13:08 EST — Regular session U.S. natural gas futures dipped again Tuesday, shaving off about 1% as milder weather forecasts took the edge off heating demand and sent prices to a fresh four-month low. March gas on the New York Mercantile Exchange lost 2.7 cents, settling at $2.958 per million British thermal units with only two sessions left as the front-month. Data from LSEG put Lower 48 output at 108.7 billion cubic feet per day for February so far. Total demand—including exports—is expected to slide to 128.4 bcfd next week, down from 138.3 bcfd this week. Flows heading to U.S. LNG plants climbed to 18.7 bcfd, while West Texas Waha cash prices stayed stuck in the red for a 13th consecutive day.
24 February 2026
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Oil price today: Brent slips but holds near six-month high as U.S.-Iran talks, tariffs loom

Oil price today: Brent slips but holds near six-month high as U.S.-Iran talks, tariffs loom

New York, Feb 23, 2026, 14:38 ET — Regular session Oil slipped on Monday, though prices remained close to their highest levels in half a year. Brent lost 37 cents, or 0.52%, trading at $71.39 a barrel. U.S. WTI dipped 27 cents, or 0.41%, to $66.21 as of 12:44 p.m. ET. Ahead of Thursday’s talks, Iran hinted at possible concessions in return for sanctions relief, while a shift in U.S. tariffs rattled demand expectations. “That seemed to suggest that they are more open to talking about their nuclear program,” Price Futures Group analyst Phil Flynn said, noting the risk of military action against Iran persists.
23 February 2026
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Glencore share price rises on $2 billion payout plan as Congo copper deal grabs attention

Glencore share price rises on $2 billion payout plan as Congo copper deal grabs attention

London, February 18, 2026, 09:02 GMT — Regular session Glencore plc shares rose about 3% to 500.45 pence by 0902 GMT on Wednesday after the Swiss-based miner and commodities trader set out a $2 billion shareholder payout with its 2025 results. Adjusted EBITDA — a measure of operating profit before interest, tax and some one-offs — fell 6% to $13.51 billion, above an analysts’ $13.3 billion consensus, and CEO Gary Nagle said “the underlying momentum in H2 was clear.” It comes weeks after rival Rio Tinto abandoned takeover talks.
18 February 2026
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Oil prices tumble more than $1 as IEA demand cut hits Brent, WTI and stocks build

Oil prices tumble more than $1 as IEA demand cut hits Brent, WTI and stocks build

NEW YORK, Feb 12, 2026, 12:23 EST — Regular session Oil slid sharply Thursday, dropping more than $1 a barrel as the International Energy Agency pared its demand growth outlook for 2026 and signs emerged that the threat of a U.S. strike on Iran might be fading. Brent crude shed $1.26, or 1.8%, to trade at $68.14 a barrel as of 10:16 a.m. CDT. U.S. West Texas Intermediate slipped $1.24, or 1.9%, to $63.39. “It just ran out of steam,” said Phil Flynn, senior analyst at Price Futures Group.
12 February 2026
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Crude oil prices dip as Strait of Hormuz warning keeps Brent near $69

Crude oil prices dip as Strait of Hormuz warning keeps Brent near $69

London, February 10, 2026, 11:25 — Regular session Oil prices slipped on Tuesday, giving back some of the previous session’s advance as traders kept a close eye on possible supply threats from U.S.-Iran friction. Brent crude eased 24 cents, or 0.35%, at $68.80 a barrel as of 1002 GMT. U.S. West Texas Intermediate lost 30 cents, down 0.47%, to $64.06. “Unless there are concrete signs of supply disruptions, prices will likely start going lower,” said PVM’s Tamas Varga, describing the market as “range-bound.” IG analyst Tony Sycamore, meanwhile, said the risk premium for potential disruption remains in place.
10 February 2026
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Oil prices today: Brent, WTI dip as Strait of Hormuz warning keeps Iran risk premium in play

Oil prices today: Brent, WTI dip as Strait of Hormuz warning keeps Iran risk premium in play

London, Feb 10, 2026, 11:20 GMT — Regular session Oil eased back on Tuesday, giving up some of Monday’s gains as traders kept a close eye on potential supply shocks stemming from escalating U.S.-Iran friction. Brent crude slipped 24 cents to $68.80 a barrel by 1002 GMT, a 0.35% drop. U.S. West Texas Intermediate lost 30 cents, or 0.47%, to $64.06. “Unless there are concrete signs of supply disruptions, prices will likely start going lower,” said Tamas Varga, oil analyst at PVM.
10 February 2026
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Stock Market Today

  • Wheat futures climb as acreage dips, export sales pick up
    July 1, 2026, 10:51 AM EDT. Wheat prices pushed 5 to 11 cents higher in early Wednesday action, with Chicago SRW, KC HRW, and Minneapolis spring contracts all up. Open interest climbed, showing fresh buyers stepping in. The USDA logged a private sale to Nigeria for 100,000 metric tons of HRS wheat. The Acreage report put total wheat acres at 42.74 million, missing trade calls as winter wheat plantings fell hard. Grain Stocks came in below forecasts but above last year. Canadian wheat acres slid 5.9%. Export sales are active. Lower acres and steady demand are helping keep wheat strong.
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