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Brent crude oil
News updates related to Brent crude oil.
World oil prices surged 20%, reaching their highest level since July 2022.
Brent and WTI oil prices surged simultaneously due to concerns about supply disruptions from the Middle East and depleted storage capacity, forcing countries to cut production.
Market
World oil prices rose more than 5% this week, maintaining their highest level in six months.
Brent crude oil closed the week at $71.76 per barrel after a sharp rise, while US natural gas prices recovered to $3.047 per mmBTU thanks to increased heating demand and exports.
World oil prices on February 13th: Brent crude rose slightly to $67.57, natural gas fell 0.27%.
The energy market on February 13, 2026, saw mixed results, with crude oil maintaining a slight upward trend, while gasoline and natural gas prices adjusted downwards compared to the previous session.
World oil prices fell sharply by more than 2.7%, with Brent crude retreating to around $67 due to oversupply pressure.
At the close of trading on February 13, Brent and WTI oil prices both fell sharply after the IEA lowered its 2026 demand forecast and US crude oil inventory data surged.
Brent crude oil prices fell 2.71% to $67.52 a barrel as US inventories surged.
World crude oil prices fell by more than 2.7% after the IEA lowered its forecast for global demand and US inventory data showed a sharp increase, far exceeding market expectations.
Silver prices hit a historic high of $96 per ounce, while Brent crude oil prices fell to $64 on January 23.
Silver surged more than 4% to a record high, while Brent and WTI crude oil prices fell sharply due to pressure from a larger-than-expected increase in US gasoline inventories during the January 22nd trading session.
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