WTI crude futures traded choppily on Friday, dipping earlier on easing Middle East risk before rebounding over 0.5% to trade close to $63.7 a barrel, though prices remained on track for a first weekly decline in seven weeks. US Iran nuclear talks in Oman, which Iranian officials described as a good start with plans to continue negotiations, reduced fears of near term supply disruptions from a region that accounts for roughly one third of global crude output. Earlier gains reflected lingering caution as the US pushed to broaden talks beyond nuclear issues, while prior evacuation advisories had heightened sensitivity to escalation risk. That premium faded as diplomatic signals improved, reinforcing expectations of oversupply later this year. Adding to pressure, Saudi Arabia cut official selling prices for its main crude grade to Asia to the lowest since late 2020, highlighting ample supply, though the smaller than expected reduction suggested confidence in demand.
Crude Oil rose to 63.55 USD/Bbl on February 6, 2026, up 0.41% from the previous day. Over the past month, Crude Oil's price has risen 13.50%, but it is still 10.49% 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 8 of 2026.
Crude Oil rose to 63.55 USD/Bbl on February 6, 2026, up 0.41% from the previous day. Over the past month, Crude Oil's price has risen 13.50%, but it is still 10.49% 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.