Crude Oil Prices Hold Steady on Feb 16, 2026

Crude oil prices moved sideways at the start of the week as investors stayed cautious ahead of nuclear discussions between the United States and Iran. Market participants are closely watching these talks, as any escalation in geopolitical tensions could disrupt oil supplies and push prices higher.

Brent crude futures traded slightly lower near $67.7 per barrel, while U.S. West Texas Intermediate (WTI) crude hovered around $62.8 per barrel in early Asian trading hours. Trading volumes remained thin, partly due to a public holiday affecting WTI settlement activity.

Supply Concerns and OPEC+ Output Plans

Supply expectations also played a major role in limiting price movement. Reports indicate that OPEC+ members are leaning toward resuming gradual output increases starting April. This potential rise in supply could counterbalance geopolitical risks, keeping oil prices within a narrow range.

At the same time, any disruption involving Iranian oil exports or shipping routes could tighten supply conditions. As a result, markets remain cautious, balancing the risk of higher production against possible supply interruptions.

Market Sentiment Remains Mixed

Traders are carefully evaluating economic signals, geopolitical risks, and global demand trends before taking significant positions. Concerns over global economic growth and fuel demand continue to limit aggressive price rallies.

Investors are also monitoring potential energy and trade agreements that may emerge from ongoing negotiations, which could influence long-term supply patterns.

Also Read: Vedanta Chairman Anil Agarwal Says India Can Produce Oil and Gas at Half Import Cost!

Conclusion

Oil prices are likely to remain volatile but range-bound in the near term as markets await clarity from diplomatic talks and supply decisions. Until clearer signals emerge on production levels and geopolitical stability, traders are expected to remain cautious, keeping oil prices relatively stable in the short term.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.