Crude Oil ($CRUDE) Commodity Forecast: Up 5.1% Today

What is Crude Oil?

Crude oil prices have been volatile lately due to geopolitical tensions and concerns about oversupply. Prices have been fluctuating amidst conflicting information on global supply and demand.

Why is Crude Oil going up?

CRUDE commodity is up 5.1% on Feb 18, 2026 20:45

• Today's rise in crude oil prices is linked to the market's response to Iran's potential concessions on its nuclear program, which could reduce the risk of supply disruptions.
• The uncertainty stemming from the US-Iran discussions and the presence of US naval forces in the area has led to price fluctuations.
• Despite the recent upward trend, worries about ample global supply and the IEA's forecast of a substantial surplus in 2026 are still impacting the market, showcasing a delicate balance between geopolitical issues and supply-demand dynamics.

CRUDE Price Chart

CRUDE Technical Analysis

CRUDE News

Oil Steadies on Monday

WTI crude oil futures hovered at around $63 per barrel on Monday after posting the first back-to-back weekly decline of the year, as investors closely watch a second round of US-Iran talks. This comes as the US increases its military presence in the region, with President Trump repeatedly warning of potential strikes if a nuclear deal is not reached. Over the weekend, Iran has signaled willingness to make concessions on its nuclear program if Washington engages on sanctions. Meanwhile, a Ukrainian drone attack hit a Russian Black Sea port ahead of fresh US-brokered peace talks between Russia and Ukraine scheduled to begin on Tuesday. Despite these geopolitical factors, oil prices remain under pressure due to ample global supply, with reports suggesting some OPEC+ nations see room to resume supply hikes in April. The IEA also reaffirmed its projection of a significant surplus in 2026 and lowered its forecast for oil demand growth.

Oil on Track for Weekly Decline

WTI crude oil futures hovered below $63 per barrel on Friday, retaining most of the 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.

Oil Eases on Thursday

WTI crude oil futures fell to below $64.5 per barrel on Thursday, retreating after a 1% gain in the previous session, pressured by persistent oversupply despite ongoing Iran risk. Markets remain focused on tensions around Iran as the US signaled preference for a nuclear deal but kept military options open and deployed naval forces in the region, sustaining uncertainty over potential supply disruptions. Still, ample supply is capping prices. The IEA said global oil inventories rose at the fastest pace since 2020 last year and expects a sizeable surplus in 2026 as supply exceeds demand. Rising stockpiles reinforce expectations of an oversupplied market. Flows from Venezuela are also returning as China buys cargoes previously linked to the US.

Trending Today

Leidos Holdings Inc. ($LDOS) Stock Forecast: Up 5.8% Today

Crude Oil ($CRUDE) Commodity Forecast: Up 5.1% Today

Garmin Ltd. ($GRMN) Stock Forecast: Up 9.3% Today

Upwork Inc. ($UPWK) Stock Forecast: Up 7.2% Today

Global Payments Inc. ($GPN) Stock Forecast: Up 16.8% Today

Palo Alto Networks Inc. ($PANW) Stock Forecast: Down 7.0% Today

Opendoor Technologies Inc. ($OPEN) Stock Forecast: Up 5.5% Today

Genuine Parts Company ($GPC) Stock Forecast: Down 5.3% Today

Riot Platforms, Inc. ($RIOT) Stock Forecast: Up 6.6% Today

CarMax Inc ($KMX) Stock Forecast: Up 9.8% Today

Crude Oil Price History

29.06.2025 - CRUDE Commodity was up 3.9%

• The surge in crude oil prices is linked to President Trump's recent announcement of a shortened deadline for Russia to secure a peace agreement with Ukraine, leading to apprehensions regarding a potential constraint in global oil availability.
• Positive sentiment surrounding the US-EU trade agreement and prospects of trade deals with Japan and other nations also contributed to the price upsurge.
• Additionally, market optimism was fueled by a more substantial decline in crude inventories than anticipated and indications of advancements in US trade discussions, alleviating concerns regarding future oil demand.
• Notwithstanding these favorable developments, underlying worries persist about long-term factors such as apprehensions about decelerated global growth due to trade uncertainties and the likelihood of oversupply if OPEC+ proceeds with raising its production target.

18.01.2026 - CRUDE Commodity was up 5.1%

• Today's rise in crude oil prices is linked to the market's response to Iran's potential concessions on its nuclear program, which could reduce the risk of supply disruptions.
• The uncertainty stemming from the US-Iran discussions and the presence of US naval forces in the area has led to price fluctuations.
• Despite the recent upward trend, worries about ample global supply and the IEA's forecast of a substantial surplus in 2026 are still impacting the market, showcasing a delicate balance between geopolitical issues and supply-demand dynamics.

23.05.2025 - CRUDE Commodity was down 13.7%

• A 7% drop in Crude Oil prices followed Iran's missile attack on a US airbase in Qatar, which resulted in no casualties and relieved immediate escalation concerns.
• The market showed confidence in oil supply continuity as tankers proceeded through the Strait of Hormuz, a critical point for global oil shipment.
• President Trump's decision to hold off on potential US military action against Iran fostered hopes for diplomatic talks, contributing to the negative market sentiment for oil.
• Even with ongoing geopolitical turmoil and increasing conflicts between Israel and Iran, reports of Iran sustaining high levels of crude exports further pressured oil prices downward.

23.05.2025 - CRUDE Commodity was down 10.2%

• The bearish movement in Crude Oil prices today can be attributed to the softening concerns regarding potential supply disruptions in the Middle East, particularly around the Strait of Hormuz, as Iran refrains from targeting oil flows in retaliation to US strikes.
• Despite escalating tensions between Iran, Israel, and the US, the market reassessed the immediate risk of supply disruptions, leading to a sharp decline in oil prices.
• Additionally, the market may have reacted to reports of Iran maintaining its crude exports at high levels, along with a sharper-than-expected drop in US crude inventories, indicating a potential oversupply situation.
• Overall, the bearish movement in Crude Oil today reflects a combination of geopolitical developments, supply dynamics, and market sentiment adjustments, leading to a notable shift in prices.

23.09.2025 - CRUDE Commodity was up 5.1%

• The bullish movement in Crude Oil prices can be attributed to discussions indicating that the US and India may reach a trade agreement to gradually reduce imports of Russian crude, thereby boosting demand for alternative sources.
• US sanctions on Russia's top oil firms, Rosneft and Lukoil, also influenced the increase in oil prices as market participants anticipate disruptions in the global oil supply chain.
• Moreover, falling stockpiles in the US and the US Energy Department's plans to add barrels to the Strategic Petroleum Reserve further fueled the bullish sentiment in the Crude Oil market.
• Despite concerns over a supply glut and warnings about record surpluses from the IEA, the bullish momentum in Crude Oil prices prevailed due to a mix of geopolitical tensions, trade deal speculations, and supply dynamics.

02.08.2025 - CRUDE Commodity was down 0.2%

• The bearish movement in Crude Oil prices today can be attributed to a combination of factors:
• Weaker US demand and concerns over the end of the summer driving season have weighed on prices, indicating a potential slowdown in consumption.
• Reports of a potential ceasefire in Ukraine have eased tensions and expectations of supply disruptions, leading to a downward pressure on prices.
• Rising output from OPEC+ and other producers, along with the possibility of a global supply surplus by year-end, have added to the bearish sentiment in the market.
• Geopolitical factors, such as India's continued purchases of Russian oil despite US tariff threats, have also contributed to the overall uncertainty and downward pressure on prices.

14.00.2026 - CRUDE Commodity was down 2.8%

• The bearish movement in Crude Oil prices today can be attributed to the bearish inventory signals, with a significant rise in US crude stockpiles, gasoline, and distillates, as indicated by industry data.
• Despite the geopolitical risks in the Middle East and concerns over potential disruptions to Iran's oil output, the market sentiment was influenced by the increase in US crude inventories, leading to the bearish movement.
• The uncertainty surrounding US-Iran relations, including the imposition of tariffs on Iran's allies and the possibility of military action, added to the market volatility and contributed to the downward pressure on Crude Oil prices.
• While the bullish momentum in the past few days was driven by geopolitical tensions and supply disruption fears, today's bearish movement reflects the impact of increased US crude stockpiles and the broader market reaction to the ongoing developments in the Middle East.

15.00.2026 - CRUDE Commodity was down 5.1%

• The bearish movement in Crude Oil prices was primarily driven by easing geopolitical tensions, specifically related to the US-Iran conflict, which reduced fears of immediate supply disruptions.
• President Trump's comments indicating a decrease in the risk of US military intervention in Iran, coupled with assurances on the cessation of executions of protesters, alleviated concerns of disruptions to Iranian oil output and key shipping routes.
• Additionally, the market sentiment shifted as traders unwound the geopolitical risk premium that had been supporting oil prices, following a five-day rally fueled by unrest in Iran, Venezuela, and supply disruptions in Kazakhstan.
• Despite the bearish movement, ongoing uncertainties surrounding US-Iran relations and potential supply disruptions from geopolitical conflicts continue to pose risks to Crude Oil prices in the near term.

24.05.2025 - CRUDE Commodity was down 11.3%

• The ceasefire announcement between Israel and Iran by President Trump led to a drop in oil prices, as fears of supply disruptions in the Middle East eased.
• The lack of casualties in Iran's missile strike on a US airbase in Qatar contributed to the bearish movement, signaling a potential de-escalation in Middle East tensions.
• Despite the ongoing hostilities between Israel and Iran, reports of Iran maintaining crude exports at high levels added pressure on oil prices.
• The market's reaction to recent developments suggests that investors are closely monitoring geopolitical dynamics in the region, balancing concerns of supply disruptions with signs of potential peace negotiations.

24.05.2025 - CRUDE Commodity was down 10.6%

• Crude oil experienced a bearish movement today, with prices dropping significantly.
• The market movement was primarily driven by the announcement of a ceasefire between Israel and Iran, easing concerns over potential oil supply disruptions in the Middle East.
• The de-escalation of tensions following Iran's missile strike on a US airbase in Qatar, which resulted in no casualties, contributed to the downward pressure on oil prices.
• Despite the temporary relief in the market, the situation remains fragile, with uncertainties surrounding the ceasefire and the possibility of Iran attempting to close the vital chokepoint of the Strait of Hormuz.

10.09.2025 - CRUDE Commodity was down 5.0%

• The drop in Crude Oil WTI below $60 per barrel can be linked to several reasons:
• Geopolitical events, including the agreement on a ceasefire plan between Israel and Hamas in the Middle East, have decreased risk premiums in the area.
• OPEC+ chose a cautious approach in raising production, which was below market expectations, causing concerns about possible oversupply in the market.
• The rise in US crude inventories for the second consecutive week, while still close to seasonal lows, has added downward pressure on oil prices.
• Anticipations of ample global supply, with expected record highs in OPEC+ and US crude output, have further subdued the sentiment towards oil prices.

10.09.2025 - CRUDE Commodity was down 5.1%

• The bearish movement in Crude Oil today was primarily driven by renewed US-China trade tensions, as President Trump's threats of increased tariffs and uncertainty surrounding the upcoming meeting with President Xi Jinping raised concerns about a potential slowdown in global economic growth and oil demand.
• Additionally, the market was weighed down by rising global supply levels, including higher output from OPEC+ and non-OPEC producers, leading to fears of a supply surplus.
• Easing tensions in the Middle East, particularly progress towards a Gaza ceasefire, removed a key risk premium from oil prices, further contributing to the downward pressure on Crude Oil.
• The combination of these factors, along with increased short positions and risk aversion among investors, resulted in a significant drop in WTI crude oil prices, with analysts suggesting further volatility near the $60 level in the absence of a supportive catalyst for buying.