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Oil Prices 4 February 2026 - 8 February 2026

Oil price holds near $68 as U.S.-Iran talks and Saudi cuts pull Brent, WTI

Oil price holds near $68 as U.S.-Iran talks and Saudi cuts pull Brent, WTI

Brent crude futures barely budged on Friday as traders awaited news from U.S.-Iran talks in Oman. Brent inched up 7 cents to $67.62 a barrel, while U.S. West Texas Intermediate also gained 7 cents, trading at $63.36 by 1055 GMT. Brent is on track for a 4.3% weekly drop—its first since mid-December. The Strait of Hormuz, through which about 20% of global oil passes, remains a focal point for any disruption concerns. “Investors are watching the U.S.-Iran talks,” said Tamas Varga, oil analyst at PVM. Capital Economics warned that geopolitical worries might give way to “weak fundamentals,” potentially driving prices down to $50 a barrel by the end of 2026.
6 February 2026
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Crude oil price today: Brent dips as US-Iran Oman talks go ahead; $70 still in play

Crude oil price today: Brent dips as US-Iran Oman talks go ahead; $70 still in play

Oil prices dropped over 1% Thursday after the U.S. and Iran agreed to hold talks in Oman on Friday, easing short-term supply concerns. Brent crude futures slid 86 cents, or 1.2%, to $68.60 a barrel, while U.S. West Texas Intermediate crude fell 82 cents, or about 1.3%, to $64.32 by 10:36 GMT. UBS analyst Giovanni Staunovo said Middle East tensions remain a “strong influence” on prices. John Evans of PVM Oil Associates warned Brent could be “banging on the door of $70” if the talks fail.
5 February 2026
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Brent crude price slides as U.S.-Iran Oman talks return — $70 back on traders’ radar

Brent crude price slides as U.S.-Iran Oman talks return — $70 back on traders’ radar

Brent crude futures dropped over 1% on Thursday, sliding 86 cents to $68.60 a barrel by 1036 GMT. The move came after the U.S. and Iran agreed to hold talks in Oman on Friday. Meanwhile, U.S. West Texas Intermediate crude fell 82 cents, or about 1.3%, to $64.32. John Evans, analyst at PVM Oil Associates, warned, “One untoward remark or a breakdown in talks and the Brent price will soon be banging on the door of $70 a barrel.”
5 February 2026
Bitcoin Nears $70,000 Breaking Point as Liquidity Dries Up; Oil Slides on Dollar Strength

Bitcoin Nears $70,000 Breaking Point as Liquidity Dries Up; Oil Slides on Dollar Strength

Bitcoin teetered just above $70,000 on Thursday, slipping over 3% in Asian hours to $70,052.38—its lowest mark since November 2024. Ether also dipped, down nearly 2% to $2,086.11. The crypto selloff deepened this week, with bitcoin shedding more than 7% and now off close to 20% year-to-date; ether has dropped nearly 30%. “The market fears a hawk with him,” noted Manuel Villegas Franceschi from Julius Baer. Deutsche Bank analysts pointed to U.S. spot bitcoin ETFs pulling more than $3 billion in January outflows, following around $2 billion and $7 billion in December and November, respectively.
5 February 2026
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Brent crude price rises toward $68 as U.S.-Iran flashpoints return, inventories loom

Brent crude price rises toward $68 as U.S.-Iran flashpoints return, inventories loom

Brent crude futures climbed 46 cents, or 0.7%, to $67.79 a barrel by 1034 GMT Wednesday, reacting to the U.S. downing an Iranian drone and reports of Iranian gunboats near a U.S.-flagged tanker, sparking fresh concerns over supply disruptions. U.S. West Texas Intermediate gained 52 cents, or 0.8%, to $63.73, though a wider equity selloff limited upside. PVM analysts noted oil “would be lower without Middle Eastern sabre-rattling.” Support also came from industry sources citing the American Petroleum Institute, which reported a drop in U.S. crude inventories of over 11 million barrels last week. Meanwhile, traders braced for official U.S. government data due at 1530 GMT; Reuters’ poll of analysts anticipates a rise in crude stocks.
4 February 2026
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