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Oil Prices Surge 4% Amid Supply Concerns and Global Demand Recovery

Summary

Oil prices jumped by 4% on February 13, 2026, driven by renewed supply concerns and stronger-than-expected demand recovery globally. Brent crude rose to $95.30 per barrel, marking

Oil prices jumped by 4% on February 13, 2026, driven by renewed supply concerns and stronger-than-expected demand recovery globally. Brent crude rose to $95.30 per barrel, marking its highest level since late 2025. Analysts attribute the surge to ongoing production cuts by OPEC+ members combined with increased industrial activity in Asia and Europe, according to Bloomberg. The International Energy Agency (IEA) also revised its 2026 global oil demand forecast upward by 1.2 million barrels per day. This trend impacts not only energy markets but also global commodity prices, as inflationary pressures mount worldwide.
Feb 16
Oil Prices Surge 4% Amid Supply Concerns and Global Demand Recovery

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