Oil prices were climbing on Friday, shaking off losses from the previous session, as markets get increasingly nervous about delays in reaching a deal to end Tehran's nuclear ambitions.
WTI crude surges as war risk premium returns, with traders eyeing Iran tensions, rising OPEC production plans, and key technical levels reclaimed by buyers.
Oil prices rose as latest round of talks between the U.S. and Iran ended without a deal.
Supply risks from ongoing geopolitical tensions have prompted analysts to raise their oil price forecasts for the year, despite concerns that an oversupply will continue to weigh on the market.

The Iran Risk Is Keeping Oil Prices Elevated

06:30am, Friday, 27'th Feb 2026
The Energy Information Administration reported a 16-million-barrel build in U.S. crude inventories — the largest weekly increase in three years and far above expectations. In a purely fundamentals-d
Abu Dhabi is set to export more of its flagship Murban crude in April, according to two trade sources and a Bloomberg News report on Friday, adding to already-ample supply from producers in the Middle
Malaysian state energy firm Petroliam Nasional Bhd IPO-PETO.KL, on Friday warned of eroding margins amid persistent geopolitical and economic risks, as subdued oil prices saw its profits decline for t
Oil markets reprice as diplomacy cools tensions, yet an $8-$10 risk premium remains. Will the OPEC+ output decision drive WTI toward $67 or back to $64?

Oil prices edge lower after US, Iran extend talks

08:56pm, Thursday, 26'th Feb 2026
Oil prices fell on Friday and were on track for a weekly decline after the United States and Iran extended talks over the OPEC member's nuclear programme, easing concerns about potential hostilities t
Oil fell in Asian trade on expectations that the U.S.-Iran talks will continue next week.
The Canadian oil-producing province of Alberta forecast a budget deficit of C$9.4 billion ($6.87 billion) for its 2026/27 fiscal year on Thursday, breaking its own rules on allowable deficit financing
Crude oil rebounded from key Fibonacci support after a pennant breakout, signaling near-term upside potential despite the rally advancing against a broader downtrend.
Nuclear talks on Thursday were expected to ease the uncertainty surrounding tensions between the U.S. and Iran. They ended with the promise of further discussions.

This 5-Month Oil Trade Has Delivered for 20 Years

12:33pm, Thursday, 26'th Feb 2026
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