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Oil Prices Surge Amid Supply Concerns and Global Demand Boost

Summary

Oil prices climbed sharply on February 18, 2026, driven by tightening supply and rising global demand. Brent crude futures rose 3.5% to $95.40 per barrel, marking the highest level

Oil prices climbed sharply on February 18, 2026, driven by tightening supply and rising global demand. Brent crude futures rose 3.5% to $95.40 per barrel, marking the highest level in three months, according to Bloomberg. The surge follows recent production cuts by OPEC+ and unexpected disruptions in key oil-producing regions. Analysts warn that ongoing geopolitical tensions and winter fuel demand in the Northern Hemisphere could sustain upward pressure on prices. Commodity markets also saw gains in metals and agricultural products, reflecting broader inflation concerns and supply chain constraints. Reuters reports that investors are closely watching central bank policies as inflation data continues to influence commodity trends.
6d agoVerified by Sobiya
Oil Prices Surge Amid Supply Concerns and Global Demand Boost

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