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At Close: Jun 05, 2026

Oil prices rise on concerns about US-Iran tensions

08:32pm, Wednesday, 11'th Feb 2026
Oil prices edged up on Thursday morning as investors worried about escalating tensions between the U.S. and Iran.
Oil markets keep moving higher as President Trump may send a second aircraft carrier to the Middle East.
U.S. stocks traded mixed midway through trading, with the S&P 500 gaining around 0.1% on Wednesday.

U.S. Crude Oil Stockpiles Post Large Weekly Build

11:03am, Wednesday, 11'th Feb 2026
Commercial crude oil inventories rose by 8.5 million barrels. They were expected to have fallen by 400,000 barrels.
U.S. President Donald Trump said on Tuesday he was considering sending a second aircraft carrier to the Middle East.
U.S. cooperation with the remanent of the Maduro regime in Venezuela raises questions about whether the opposition will be involved in oil sales. The U.S. does not recognize the government of interim
Oil demand is projected to rise by 1.34 million barrels a day next year supported by easing inflation, fiscal measures and improving global trade.
WTI crude oil continues to threaten a higher, based perhaps on the idea of the Americans attacking the Iranians, and the potential spillover effect. This is a market that continues to see a lot of sho
OPEC on Wednesday forecast world oil demand for crude from the wider OPEC+ producer group will drop by 400,000 barrels per day in the second quarter from the first three months of this year, a copy of
Top business leaders urged the European Union on Wednesday to act urgently to bring down energy prices, saying that was key for European industries to be able to compete with the United States and Chi
Indonesia's move to pause biodiesel expansion and expectations of higher production in the coming months are likely to pressure palm oil prices, although strong demand and slowing growth in overall ou
“The market is oversupplied, inventories are rising,” Francisco Blanch, head of commodities research at Bank of America Global Research, says in Bloomberg Television interview. “We expect rough
Washington is considering seizing additional tankers involved in illegal oil trade.
Russia plans to seek clarification from the United States about new U.S. restrictions on Venezuela's oil business, the Kremlin said on Wednesday.
Crude oil futures gain on Middle East tensions as nuclear talks yield no breakthrough yet. India demand offsets rising U.S. inventories; EIA data due today.
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