WTI crude oil futures fell to around $62.5 per barrel on Friday, extending a nearly 3% loss from the previous session and heading for a second straight weekly decline, amid persistent oversupply concerns. The International Energy Agency reiterated that the market is likely to face a surplus of just over 3.7 million barrels per day in 2026, marking a record annual average glut, while also lowering its global oil demand forecast for that year. In its monthly report, the agency added that global inventories expanded in 2025 at the fastest pace since the 2020 pandemic. Meanwhile, President Donald Trump said talks with Iran could stretch on for as long as a month, reducing the near-term likelihood of military action that could disrupt supplies. For now, he is pursuing a diplomatic approach aimed at limiting the country’s nuclear program. Adding to the broader weakness, a sharp selloff across financial markets also weighed on prices.
Crude Oil fell to 62.81 USD/Bbl on February 13, 2026, down 0.05% from the previous day. Over the past month, Crude Oil's price has risen 1.27%, but it is still 11.17% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Crude Oil reached an all time high of 410.45 in December of 2025. Crude Oil - data, forecasts, historical chart - was last updated on February 14 of 2026.
Crude Oil fell to 62.81 USD/Bbl on February 13, 2026, down 0.05% from the previous day. Over the past month, Crude Oil's price has risen 1.27%, but it is still 11.17% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil is expected to trade at 64.53 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 70.59 in 12 months time.