WTI climbed 1.74% to $66.06/barrel, extending the prior session’s over 4% rally, the strongest single-day advance since late October. This marks a sharp reversal from recent consolidation.
Crude futures lost ground as talks between the U.S. and Iran resumed with officials saying progress was made.
WTI crude oil futures remained under pressure this week, as bearish fundamental forces overshadowed temporary bullish drivers. Despite a larger-than-expected U.S. inventory draw and de-escalating U.S.
Oil prices were rising, but were poised for a significant weekly loss amid diplomatic efforts to end the war in Ukraine and overall bearish fundamentals pointing to an oversupplied market next year.
Oil surged after new U.S. sanctions on Russian energy firms, but the size of the move reflects more than geopolitics. Tight positioning in the futures market left traders primed for a sharp reaction.
The SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) tracks a basket of U.S. energy producers at a pivotal moment for the sector. As of February 13, 2026, the fund trades at $147.89, ...
A cooling-system failure at CyrusOne forced CME Group to halt trading across commodities, equities, bonds, and FX. WTI and Brent were already on track for a fourth monthly decline due to oversupply ...
Oil prices were headed for a fourth consecutive monthly loss early on Friday as a data center glitch forced CME Group to halt trading in futures and options, disrupting oil futures trades as well as ...
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