Oil jumps toward $70 as U.S.-Iran tensions outweigh surprise crude stock build
NEW YORK, Feb 11, 2026, 12:35 — Regular session Oil prices climbed nearly 2% Wednesday, boosted by escalating U.S.-Iran tensions, though a bigger-than-expected jump in U.S. crude stockpiles kept gains in check. Brent crude futures added $1.22, or 1.77%, hitting $70.02 a barrel by 11:47 a.m. ET. Meanwhile, U.S. West Texas Intermediate crude rose $1.21, or 1.89%, to $65.17. UBS analyst Giovanni Staunovo noted that prices are supported by tensions “although there has been no supply disruption so far,” while Mizuho’s Robert Yawger pointed out that U.S. production “came back with a vengeance.”
