Oil Prices Inch Up After 4% Spike on US-Iran Tensions and Surprise Inventory Draw
Oil prices in markets jolted investors this week as crude prices climbed sharply following renewed geopolitical stress in the Middle East. On 19 February 2026, Brent crude topped $70 per barrel, and U.S. West Texas Intermediate (WTI) surged more than 4 % in a single session after traders reacted to escalating U.S.-Iran tensions and data showing a surprise draw in inventories.
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