Oil Markets 13 February 2026 - 20 March 2026

Goldman Sachs Raises Brent, WTI Oil Forecasts Despite 11% Oil Drop on Iran Talk Hopes
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Goldman Sachs Raises Brent, WTI Oil Forecasts Despite 11% Oil Drop on Iran Talk Hopes

Goldman Sachs raised its 2026 Brent crude forecast to $85 a barrel, citing ongoing disruption in the Strait of Hormuz and increased stockpiling. The bank warned oil could briefly hit $135 if Hormuz flows remain blocked for 10 weeks. Brent fell 10.9% to $99.94 after President Trump postponed strikes on Iran, but executives said risks remain. Iran denied any talks with the U.S.
March 23, 2026
Shell Stock Falls as Qatar Pearl Shutdown Cuts Through the Oil Rally
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Shell Stock Falls as Qatar Pearl Shutdown Cuts Through the Oil Rally

Shell shares fell 1.2% in London after the company halted production at its Pearl plant in Qatar following attacks on Ras Laffan. One gas-to-liquids train was damaged and could take up to a year to repair, with no injuries reported. European gas prices jumped up to 35% on Thursday, while Brent crude traded at $110.32 a barrel. Shell declared force majeure on Qatari LNG cargoes earlier this month.
March 20, 2026
BP Stock Price Today: Shares Near Fresh High as Brent Oil Tops $100 Again
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BP Stock Price Today: Shares Near Fresh High as Brent Oil Tops $100 Again

BP shares hit a 52-week high at 529.2 pence Thursday and traded at 533 pence midday Friday as Brent crude rose above $100 a barrel. The company halted share buybacks in February to cut debt and boost oil and gas investment. BP led a $21 million Gulf of Mexico lease bid this week. Senegal’s prime minister called a BP gas contract “unfair,” raising political risks in West Africa.
March 13, 2026
QQQ Falls as $100 Oil Tests AI Trade After $4 Billion ETF Outflow
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QQQ Falls as $100 Oil Tests AI Trade After $4 Billion ETF Outflow

Invesco QQQ Trust dropped 1.34% to $591.74 by mid-morning Monday as crude oil surged past $100 a barrel and investors pulled money from AI-focused stocks. QQQ saw $4 billion in outflows last week and another $810 million in the past five days. Invesco’s QQQM also fell 1.35% with $165 million in outflows. Wall Street indexes opened lower amid renewed inflation fears tied to rising oil prices.
March 9, 2026
Oil Tops $100 for First Time Since 2022 as Iran War Cuts Supply, G7 Weighs Reserve Release
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Oil Tops $100 for First Time Since 2022 as Iran War Cuts Supply, G7 Weighs Reserve Release

Brent crude surged to $119.50 a barrel Monday as the Iran war disrupted Gulf oil flows, forcing Saudi Arabia, Iraq, and Kuwait to cut output and leaving tankers stranded at the Strait of Hormuz. Central banks shifted rate expectations amid inflation fears. Governments considered releasing emergency reserves. Airline shares dropped as jet fuel prices soared.
March 9, 2026
Brent crude price jumps above $70 on Hormuz jitters — what oil traders watch next
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Brent crude price jumps above $70 on Hormuz jitters — what oil traders watch next

Brent crude futures jumped 4.1% to $70.19 a barrel Wednesday as Middle East supply fears resurfaced after Iran briefly shut the Strait of Hormuz during military drills. U.S. WTI rose 4.3% to $64.93. Traders cited U.S.-Iran tensions, shifting U.S. naval deployments, and stalled Russia-Ukraine talks as drivers. Reuters reported odds of U.S. strikes on Iran by end-April at 65%.
February 18, 2026
Heating oil price today: NYMEX futures edge up after CPI, with OPEC+ and Venezuela in play
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Heating oil price today: NYMEX futures edge up after CPI, with OPEC+ and Venezuela in play

U.S. heating oil futures rose to $2.3977 a gallon by 1:40 p.m. EST Friday, up half a cent after a volatile week. The move followed softer U.S. inflation data and a large crude inventory build, with traders watching OPEC+ output talks and fuel stock levels. Brent crude was up 11 cents at $67.63. Wholesale heating oil in New York Harbor settled at $2.18 a gallon Thursday, down 2.9%.
February 13, 2026
BP stock slips again in London as HSBC downgrade lands; dividend date and oil prices in focus
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BP stock slips again in London as HSBC downgrade lands; dividend date and oil prices in focus

BP shares fell 0.8% to 454.4 pence in early London trade Friday, extending Thursday’s 3.1% drop after the company suspended its $750 million quarterly buyback and took $4 billion in asset charges. HSBC downgraded BP to “Reduce,” citing few near-term catalysts. Brent crude slipped 0.1% to $67.46 a barrel. BP’s Q4 dividend goes ex-dividend Feb. 19, with payment due March 27.
February 13, 2026