Oil Prices Hold Losses on Supply Glut Forecasts; US CPI Data Awaited

Oil prices stayed under pressure on February 13, 2026, as traders weighed fresh warnings of a global supply glut and waited for key US inflation data. Brent crude hovered near $67 a barrel, while WTI held around $63, after sharp losses earlier in the week. New forecasts from energy agencies suggest that oil supply could outpace demand in 2026, raising fears of rising inventories and weaker prices.