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Oil Prices Surge Above $95 Amid Supply Concerns and Demand Growth

Summary

Crude oil prices climbed above $95 per barrel on February 13, 2026, driven by supply disruptions in key producing regions and rising global demand. Bloomberg reports that OPEC+ pro

Crude oil prices climbed above $95 per barrel on February 13, 2026, driven by supply disruptions in key producing regions and rising global demand. Bloomberg reports that OPEC+ production cuts combined with unexpected outages in the North Sea tightened supply. Meanwhile, economic recovery in Asia is boosting fuel consumption. Analysts warn that continued volatility could impact inflation and energy costs worldwide. Investors are closely watching inventory reports due later this week for further pricing signals. The surge marks the highest oil price level since late 2024.
Feb 16
Oil Prices Surge Above $95 Amid Supply Concerns and Demand Growth

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