Oil prices rise on U.S.-Iran flare-up; Brent nears $68 ahead of U.S. stockpile data

Oil prices edged higher on Wednesday after the U.S. shot down an Iranian drone and Iranian boats moved toward a U.S.-flagged vessel, pushing traders to price in fresh supply risk. Brent crude was up 46 cents, or 0.7%, at $67.79 a barrel by 1034 GMT, while U.S. West Texas Intermediate was up 52 cents, or 0.8%, at $63.73.

Commodities · Oil Prices
Crude oil price today: Brent steadies near $66 after a 4% slide as Iran talks loom

Crude oil price today: Brent steadies near $66 after a 4% slide as Iran talks loom

Oil prices found some footing on Tuesday after tumbling sharply the day before. Traders eased up on geopolitical jitters, refocusing on supply concerns and the strength of the dollar. By 1048 GMT, Brent crude futures inched up 7 cents to $66.37 a barrel. U.S. West Texas Intermediate climbed 13 cents to $62.27. Both benchmarks had earlier slipped to one-week lows—Brent at $65.19, WTI at $61.12.
3 February 2026
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Delta Air Lines stock jumps nearly 5% as oil slides — what DAL traders watch next

Delta Air Lines stock jumps nearly 5% as oil slides — what DAL traders watch next

Delta Air Lines shares surged 4.84% on Monday, closing at $69.08 and beating most major U.S. carriers amid a broad rally in airline stocks. In early Tuesday premarket trading, the stock slipped 0.1% to $69.01 as of 4:30 a.m. EST. Monday’s volume reached 10.1 million shares, well above the 50-day average of 7.7 million. Delta remains 5.58% below its 52-week high set on Jan. 6. Meanwhile, United Airlines Holdings Inc. climbed 4.92%, Southwest Airlines Co. gained 4.46%, and American Airlines Group Inc. rose 2.93%.
3 February 2026
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US economic calendar today: ISM factory PMI ahead as S&P 500 futures slip, oil tumbles

US economic calendar today: ISM factory PMI ahead as S&P 500 futures slip, oil tumbles

U.S. stock index futures slipped on Monday as traders absorbed a wave of early-week data and earnings. S&P 500 futures fell 0.5% to 6,931, while Nasdaq 100 futures declined 0.9% to 25,452. Dow futures were down 0.1% at 48,968, following a roughly 0.4% drop in the cash S&P 500 on Friday. Crude oil prices plunged 4.9%, settling at $62.05 a barrel. The 10-year Treasury yield eased to 4.23%, the dollar index crept up 0.1%, and the VIX held around 18.5.
2 February 2026
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Oil prices tumble 5% as Trump flags Iran talks, risk premium drains fast

Oil prices tumble 5% as Trump flags Iran talks, risk premium drains fast

Oil prices dropped about 5% on Monday after Donald Trump said Iran was “seriously talking” with the U.S., easing fears of supply disruptions. Brent crude futures tumbled $3.63, or 5.2%, to $65.69 a barrel by 0920 GMT. U.S. West Texas Intermediate crude dipped $3.60, or 5.5%, settling at $61.61. Giovanni Staunovo from UBS cited easing Middle East tensions and fewer disruptions in the U.S. and Kazakhstan. Meanwhile, Priyanka Sachdeva at Phillip Nova noted that renewed dollar strength “reinforced” the selloff as gold and silver prices also slid.
2 February 2026
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