Crude Oil Brent F Feb '26 (QAG26)
Crude Oil Brent (F) Futures Market News and Commentary
July WTI crude oil (CLN26) today is up +1.31 (+1.45%), and July RBOB gasoline (RBN26) is up +0.0450 (+1.48%).
Crude oil prices are moving sharply higher today amid a flare-up in hostilities between Iran and Israel that threatens to derail a truce and complicate negotiations to end the war. Dollar weakness today ($DXY) is also supportive of crude prices.
Crude oil prices rallied today after Israel said it struck several military targets in Iran, retaliating against missile attacks by Iran, and the Tasnim News Agency reported that Iran said it is prepared for a long-term war with Israel and for strikes on American interests. Also, Israel said it was halting its attacks on Iran, but strikes in southern Lebanon will continue in the coming days at full force.
Crude prices fell from their best level today after Iran signaled an end to its current military operations against Israel, and President Trump said the two sides were looking to agree to an immediate ceasefire.... Read more
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