empty
 
 

2026.02.2000:42:00UTC+00Oil Heads for Strong Weekly Gain

WTI crude oil futures rose above $66 per barrel on Friday, holding near a six-month high and on track for a weekly gain of more than 5%, after President Donald Trump set a deadline for Iran to reach a nuclear agreement. Trump indicated that negotiations would likely have no more than 10 to 15 days to make progress. At the same time, the US has launched its largest military buildup in the Middle East since the 2003 Iraq invasion, fueling expectations of a broader and more prolonged operation than last June’s overnight strike on Iran’s nuclear facilities. The escalation has intensified fears of supply disruptions, as investors worry that a US-Iran conflict could lead Iran to restrict traffic through the Strait of Hormuz, a vital chokepoint for crude exports from the region. Further supporting prices, government data showed that US crude inventories fell by 9 million barrels last week, the sharpest drawdown since early September.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback