Oil Prices Rise Amid US-Iran Tensions, China Demand in Spotlight
Oil Prices are again reacting to geopolitics and demand signals as February 2026 unfolds. Crude futures recently climbed on renewed U.S.-Iran tensions and shipping warnings near Iranian waters, tightening perceived supply risk. Brent crude closed near $69.04 per barrel, while Nymex crude settled around $64.36 per barrel, reflecting a modest geopolitical premium.
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