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Oil Prices News 5 February 2026 - 6 February 2026

Heating Oil Price Today: ULSD slips in early trade as Iran talks, tight distillates stay in focus

Heating Oil Price Today: ULSD slips in early trade as Iran talks, tight distillates stay in focus

NYMEX heating oil futures fell 0.4% to $2.3830 a gallon in early New York trading Friday. U.S. distillate inventories dropped by 5.6 million barrels last week, hitting 127.4 million, according to the EIA. Traders are watching U.S.-Iran talks in Oman and upcoming inventory data for signals on supply risks. Brent crude edged up 7 cents to $67.62 a barrel.
Oil prices today: Brent steadies near $68 as U.S.-Iran talks in Oman keep traders guessing

Oil prices today: Brent steadies near $68 as U.S.-Iran talks in Oman keep traders guessing

Brent crude edged up 7 cents to $67.62 a barrel by late morning Friday in London, with U.S. WTI also rising 7 cents to $63.36. Prices steadied after Thursday’s sharp drop as traders watched U.S.-Iran talks in Oman for signals on Middle East supply. Saudi Aramco cut its March price for Arab Light crude to Asia to match the Oman/Dubai benchmark.
Chevron stock slips as oil drops ahead of U.S.-Iran talks and Chevron reshuffles top jobs

Chevron stock slips as oil drops ahead of U.S.-Iran talks and Chevron reshuffles top jobs

Chevron shares fell 1.2% to $179.12 as oil prices dropped and traders eyed upcoming U.S.-Iran talks. The company announced senior leadership changes, with several executives retiring and new appointments set for March and April. Chevron also signed exploration agreements in Syria and Qatar, and reaffirmed its commitment to the Yoyo-Yolanda gas project in Africa.
Exxon Mobil (XOM) stock slips as oil drops — what to watch before Friday U.S.-Iran talks

Exxon Mobil (XOM) stock slips as oil drops — what to watch before Friday U.S.-Iran talks

Exxon Mobil shares fell 1.5% to $145.38 as crude prices dropped over 3% ahead of U.S.-Iran talks set for Friday in Oman. The company finalized a $2.32 billion deal for the FPSO One Guyana vessel, with SBM Offshore operating it through 2035. Vice president Darrin L. Talley sold 5,000 shares on Feb. 2 at about $139.75 each, according to a regulatory filing.
Heating oil price falls 1.3% before U.S.-Iran talks, even as distillate stocks tighten

Heating oil price falls 1.3% before U.S.-Iran talks, even as distillate stocks tighten

March heating oil futures fell 1.3% to $2.4380 a gallon in early New York trading, tracking a drop in crude prices after the U.S. and Iran agreed to hold talks in Oman on Friday. U.S. distillate inventories dropped by 5.6 million barrels last week, now 2% below the five-year average, according to EIA data. Traders are watching the Oman meeting and next week’s U.S. inventory report for further direction.
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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