Today: 28 February 2026
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Oil Prices 16 February 2026 - 27 February 2026

Oil prices jump on Iran deal jitters as Brent nears $73; OPEC+ meeting next

Oil prices jump on Iran deal jitters as Brent nears $73; OPEC+ meeting next

Crude oil prices climbed Friday, with WTI up 2.2% at $66.66 a barrel and Brent at $72.43, after the U.S. military moved forces into the Middle East. Traders cited supply risks from U.S.-Iran tensions and awaited Sunday’s OPEC+ meeting. Analysts noted a $4–$10 risk premium in prices, despite forecasts of oversupply later in 2026. Abu Dhabi and Saudi Arabia increased exports to buffer the market.
27 February 2026
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Oil prices jump as U.S.-Iran nuclear talks whip Brent and WTI

Oil prices jump as U.S.-Iran nuclear talks whip Brent and WTI

Brent crude rose $1.17 to $72.02 a barrel and U.S. WTI gained 87 cents to $66.29 Thursday as traders reacted to stalled U.S.-Iran nuclear talks in Geneva. U.S. crude inventories jumped by 16 million barrels last week, but the market largely ignored the build. OPEC+ is weighing a possible 137,000 bpd output increase for April. China may trim crude imports from April after recent price gains.
26 February 2026
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Brent oil price dips from seven-month peak as U.S.-Iran talks loom

Brent oil price dips from seven-month peak as U.S.-Iran talks loom

Brent crude slipped 0.35% to $70.86 a barrel by 1821 GMT Tuesday, after reaching $71.90 earlier. Traders cited geopolitical risk ahead of U.S.-Iran nuclear talks and a recent Ukrainian drone attack that forced Russia’s Transneft to cut pipeline intake by 250,000 barrels per day. VLCC freight rates from the Middle East to China rose above $170,000 a day. U.S. crude fell 0.6% to $65.9.
24 February 2026
BP share price rises as oil nears seven-month highs — what investors watch next

BP share price rises as oil nears seven-month highs — what investors watch next

BP shares rose 0.42% to 476.10 pence in early London trading Tuesday as Brent crude hit a six-month high of $72.44. Europe’s oil and gas index reached a record Monday, driven by firmer oil prices amid U.S.-Iran tensions. Traders are watching nuclear talks in Geneva on Thursday and BP’s earnings on April 28. BP paused $750 million in buybacks and took $4 billion in charges earlier this month.
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

Brent crude fell 37 cents to $71.39 a barrel and WTI dropped 27 cents to $66.21 by midday Monday, both near six-month highs. U.S.-Iran nuclear talks and new U.S. tariffs kept risk premiums elevated. Global stocks slipped and gold rose after President Trump announced a temporary 15% global tariff. Goldman Sachs raised its Q4 2026 oil forecast, citing low inventories but warned of downside risks if sanctions ease.
23 February 2026
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Exxon Mobil stock price today: XOM rises as oil hovers near six-month highs and Supreme Court cases draw focus

Exxon Mobil stock price today: XOM rises as oil hovers near six-month highs and Supreme Court cases draw focus

Exxon Mobil shares rose 2.2% to $150.47 Monday, outperforming the broader market as oil prices held near six-month highs. The U.S. Supreme Court agreed to hear Exxon's bid to dismiss Boulder’s climate lawsuit and a separate $1 billion Helms-Burton claim against Cuba. Brent crude slipped 0.52% to $71.39 a barrel. Traders await U.S.-Iran talks in Geneva on Thursday.
23 February 2026
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Shell stock price in focus: oil drops 1% ahead of London open, Iran talks loom

Shell stock price in focus: oil drops 1% ahead of London open, Iran talks loom

Shell shares closed at 2,940.5 pence Friday in London, with traders watching Brent crude, which fell 1.21% to $70.89 a barrel early Monday amid U.S.-Iran talks and new tariff headlines. Goldman Sachs raised its 2026 Brent forecast to $60 but expects a surplus this year. Shell’s $3.5 billion buyback runs through May 1. The company’s next dividend payment is set for March 30.
23 February 2026
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Heating oil price slips today, but distillate stock squeeze keeps traders on edge

Heating oil price slips today, but distillate stock squeeze keeps traders on edge

U.S. heating oil futures fell 0.8% to $2.59 a gallon Friday, easing after a rally sparked by a sharp drop in distillate inventories, EIA data showed. Distillate stocks dropped 4.6 million barrels to 120.1 million, about 5% below the five-year average. Brent crude slipped to $71.47 a barrel as traders watched U.S.-Iran tensions. National average residential heating oil reached $4.075 a gallon.
20 February 2026
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Oil prices near six-month highs as Trump’s Iran deadline keeps Brent and WTI in focus

Oil prices near six-month highs as Trump’s Iran deadline keeps Brent and WTI in focus

Brent crude slipped 19 cents to $71.47 a barrel and WTI fell 14 cents to $66.29, though both benchmarks remain near six-month highs after a 5.3% weekly gain. U.S. crude inventories dropped by 9 million barrels last week, while Saudi exports hit their lowest since September. OPEC+ paused planned output hikes for March. Tensions between the U.S. and Iran and a sharp draw in U.S. stocks kept markets volatile.
20 February 2026
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US stock market today: GDP + PCE inflation, oil near highs — what to watch before the open

US stock market today: GDP + PCE inflation, oil near highs — what to watch before the open

S&P 500 futures rose 0.4% before the release of Q4 GDP and December PCE inflation data. Oil held near six-month highs amid U.S.-Iran tensions. The dollar was on track for its biggest weekly gain since October 2025. Deere shares climbed after raising its outlook, while markets watched for fallout from Blue Owl’s redemption changes.
20 February 2026
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Woodside Energy stock rises as oil stays near 6‑month highs — what to watch next week

Woodside Energy stock rises as oil stays near 6‑month highs — what to watch next week

Woodside Energy shares rose 1.2% to A$27.43 on Friday as oil prices hit six-month highs amid U.S.-Iran tensions. The S&P/ASX200 slipped 0.05%, while Santos dropped 0.9% after a new gas deal with South Australia. Woodside will release its 2025 annual report and full-year update next Tuesday. Traders remain focused on oil prices and upcoming company guidance.
20 February 2026
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BP share price today: BP stock edges up as oil dips ahead of U.S.-Iran talks

BP share price today: BP stock edges up as oil dips ahead of U.S.-Iran talks

BP shares rose 0.4% to 467.75 pence in early London trade Tuesday, with about 1.8 million shares changing hands. The company is still absorbing market reaction to its paused share buybacks and $4 billion in renewables charges, while net debt fell to $22 billion last quarter. BP shares go ex-dividend Feb. 19, with an interim payout of 8.320 cents per share due March 27. Oil prices were mixed as traders watched U.S.-Iran talks.
17 February 2026
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Oil price today: Brent, WTI edge up as U.S.-Iran Geneva talks and OPEC+ supply loom

Oil price today: Brent, WTI edge up as U.S.-Iran Geneva talks and OPEC+ supply loom

Brent crude rose 0.6% to $68.16 a barrel and U.S. West Texas Intermediate gained 43 cents to $63.32 on Monday, with no official U.S. settlement due to the Presidents’ Day holiday. Traders await U.S.-Iran nuclear talks in Geneva, while Chinese imports of Russian crude are set to hit a record in February as independent refiners buy discounted cargoes. Eight OPEC+ members will pause planned production increases in March.
16 February 2026
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