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Oil Prices 9 February 2026 - 16 February 2026

Oil prices hold near $68 as OPEC+ April supply talk meets softer U.S. inflation

Oil prices hold near $68 as OPEC+ April supply talk meets softer U.S. inflation

Oil held firm Friday, regaining ground after a softer U.S. inflation print blunted an earlier slide triggered by fresh OPEC+ supply chatter. By 12:22 p.m. ET, Brent crude inched up 11 cents to $67.63 a barrel, while U.S. WTI stuck at $62.84. Both contracts, though, remained on course for weekly declines, still reeling from Thursday’s nearly 3% plunge. “Looks like inflation is stabilizing,” said Dennis Kissler, senior VP of trading at BOK Financial. He pointed out crude’s persistent $5-to-$7-a-barrel “geopolitical premium”—a nod to ongoing disruption risks.
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

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.
Brent crude price today: Oil slips below $69 as Hormuz risks linger, US inventories next

Brent crude price today: Oil slips below $69 as Hormuz risks linger, US inventories next

Brent crude slipped on Tuesday, traders hesitant as potential disruptions in the Strait of Hormuz—the channel moving around 20% of the world’s oil—remained just a risk scenario. Brent futures dropped 24 cents to $68.80 a barrel as of 1002 GMT, off 0.35%. U.S. WTI lost 30 cents, landing at $64.06. “Unless there are concrete signs of supply disruptions, prices will likely start going lower,” Tamas Varga at PVM said.
10 February 2026
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

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.
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

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.
Santos share price slips after ASX close as oil eases; Feb 18 results in focus

Santos share price slips after ASX close as oil eases; Feb 18 results in focus

Santos Ltd shares edged lower on Tuesday, ending down 0.14% at A$6.94 after the broader market closed, as traders weighed softer crude prices against a heavy week of corporate results. The stock opened at A$7.00 and traded between A$6.94 and A$7.03, with about 13.1 million shares changing hands, market data showed. Larger rival Woodside Energy finished up about 0.35% at A$25.93.
Oil prices steady after Iran talks cool supply fears; Brent holds near $68

Oil prices steady after Iran talks cool supply fears; Brent holds near $68

Oil barely budged Monday, recovering from an earlier dip as U.S.-Iran negotiations appeared to calm near-term supply worries. But traders kept one eye on the uncertain flow of Russian crude to India, which helped keep a floor under prices. Brent crude nudged higher, up 17 cents, or 0.3%, to $68.22 a barrel at 1044 GMT. U.S. West Texas Intermediate showed a similar move, rising 18 cents to $63.73, also up 0.3%. “The Iranian risk premium cannot be fully defused as long as U.S. warships are located where they are,” SEB’s Bjarne Schieldrop said. Sparta oil market analysts, for their part, called a complete stop to India’s Russian oil imports “a sustained bullish development” for physical barrels.
9 February 2026
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