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Oil Prices Surge to $95 Amid Supply Concerns and Global Demand Rise

Summary

Oil prices jumped to $95 per barrel on February 19, 2026, driven by tightening supply and rising global demand. According to Bloomberg, ongoing geopolitical tensions in the Middle

Oil prices jumped to $95 per barrel on February 19, 2026, driven by tightening supply and rising global demand. According to Bloomberg, ongoing geopolitical tensions in the Middle East and production cuts by OPEC+ members have constrained supply. Meanwhile, economic recovery in Asia is boosting fuel consumption. Analysts warn that prices could remain volatile as markets react to new data and policy changes. The surge impacts transportation and manufacturing sectors worldwide, raising concerns about inflationary pressures in key economies.
5d agoVerified by Vishvendra
Oil Prices Surge to $95 Amid Supply Concerns and Global Demand Rise

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