business

Oil Prices Surge as OPEC+ Extends Production Cuts into March

Summary

Oil prices climbed sharply on February 19, 2026, after OPEC+ announced an extension of its production cuts through March. Brent crude rose 3.2% to $88.45 per barrel, marking the hi

Oil prices climbed sharply on February 19, 2026, after OPEC+ announced an extension of its production cuts through March. Brent crude rose 3.2% to $88.45 per barrel, marking the highest level since late 2024. The cartel cited ongoing global supply uncertainties and geopolitical tensions as reasons for maintaining reduced output. Analysts from Bloomberg note that this move tightens the market amid steady demand recovery post-pandemic. Meanwhile, global commodity trends show increased volatility with metals and agricultural products also experiencing price fluctuations due to supply chain disruptions. The extension signals OPEC+'s intent to stabilize prices and support member economies heavily reliant on oil revenues.
3h agoVerified by Vishvendra
Oil Prices Surge as OPEC+ Extends Production Cuts into March

Ayurveda Health Tips

Ancient Wisdom for Modern Life

View All

Trending News

Stay informed with the latest updates across categories

Quick Updates

Never Miss a Story

Get the latest news and updates delivered to your feed

Explore All News