Oil prices rise as Middle East tensions outweigh US inventory build

Oil prices rose today as Middle East tensions and strong US jobs data outweighed a large crude stock build. Firm demand signals helped Brent reach sixty-nine dollars.

Insights:
Oil prices rose nearly 1% on February 11, 2026, as the global oil market balanced escalating geopolitical tensions against a substantial increase in domestic stockpiles. The price increase was primarily supported by intensifying friction between Iran IRIR and the United States USUS, though a weekly report from the U.S. Energy Information Administration showing an 8.5 million-barrel build in crude inventories acted as a significant headwind, limiting the day's gains. This interaction between supply-risk concerns and weaker-than-expected demand signals is driving short-term price volatility and reshaping demand expectations in the oil market.
Oil platforms and pumpjacks are pictured at Lake Maracaibo in Cabimas, Venezuela, on January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo
Oil platforms and pumpjacks are pictured at Lake Maracaibo in Cabimas, Venezuela, on January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo
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