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Commodity News Details
WTI Crude climbs above $64 per barrel
11-Feb-2026 14:53
WTI crude oil futures climbed above $64 per barrel on Wednesday, snapping the previous session's losses as persistent US-Iran tensions lent support to prices. Gains were capped after a US industry report showed a sharp rise in crude inventories, with stockpiles surging by 13.4 million barrels last week'the biggest build since November 2023 if confirmed by official data. Markets now await OPEC's monthly outlook and the IEA's assessment, which has warned that global supply is likely to outpace demand this year.

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