Oil Prices Rise Amid Geopolitical Tensions and Supply Concerns
International oil prices experienced an increase on February 11, 2026, driven by escalating geopolitical tensions and concerns over supply. Brent crude has surpassed the $70 per barrel mark, accumulating a gain of over 15% since the beginning of the year, according to reports.
The rise in oil prices comes as tensions in the Middle East contribute to market uncertainty. These geopolitical factors are offsetting the impact of increased crude oil inventories, analysts say. The market is closely watching these developments as they could significantly impact global energy supplies.
On February 5, 2026, international oil prices saw a substantial increase of over 3%, prompting expectations of a domestic price hike of up to 90 yuan per ton. This potential adjustment is being closely monitored by industry observers.
Recent technical analysis reports, dated February 10, 2026, focus on spot gold and WTI crude oil futures, providing market references for traders and investors. These reports offer insights into current market trends and potential trading opportunities.
The increase in international oil prices by 1% is attributed to the tense situation in the Middle East, which is counteracting the effect of a significant rise in crude oil inventories. This dynamic highlights the complex interplay of factors influencing the oil market.
WTI crude oil prices were observed to be trending downwards in European trading on February 11, 2026, while other reports indicated an upward trend for the same period. This divergence suggests ongoing volatility in the market.
