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WTI: Geopolitical Tensions Push Crude Toward $67 Despite Inventory Surge

Seeking Alpha
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⚡ Quantum Brief
WTI crude surged 1.71% to $65.29 per barrel in February 2026, hitting multi-month highs as escalating U.S.-Iran tensions in the Middle East reignited fears of supply disruptions. Despite the rally, the American Petroleum Institute reported a 13.4 million-barrel crude inventory build—the largest since November 2023—highlighting oversupply pressures amid geopolitical volatility. Technical resistance holds at $65–66 per barrel, with analysts eyeing a breakout that could push prices toward $67–68 if geopolitical risks intensify further. The price surge defies bearish inventory data, signaling that traders are prioritizing geopolitical risks over fundamental supply-demand dynamics in the short term. Market sentiment remains fragile, with crude’s trajectory hinging on Middle East developments and potential U.S. policy responses to Iran’s actions.
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Traders Union668 FollowersFollow5ShareSavePlay(4min)CommentsSummaryWTI jumps to $65.29 as Middle East tensions revive supply disruption fears.API reports a 13.4 million barrel crude build, the largest since November 2023.Resistance sits at $65-66, with a breakout opening the door to $67-68. e-crow/iStock via Getty Images By Parshwa Turakhiya ​WTI crude oil (CL1:COM) climbed 1.71% to $65.29 per barrel, marking its strongest level in months as escalating U.S.-Iran tensions injected fresh geopolitical risk into the market. The rally comes even asThis article was written byTraders Union668 FollowersFollowTraders Union is a leading financial portal dedicated to empowering traders and investors with essential information to maximize their success in the financial markets. Its mission is to create a trusted platform where users can easily access comprehensive details about the top brokerage firms offering the most favorable and seamless trading conditions. Founded in 2010, Traders Union was built on the idea of providing thorough and unbiased reviews of international forex brokers, along with high-quality content covering global trading and investment trends. Traders Union saves time and effort by making the process of selecting a reliable broker hassle-free. With the Traders Union Broker Rating, users have all the data needed to make well-informed decisions, eliminating the need for endless research and review reading.

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