Oil prices decline for second week as Middle East tensions ease

Oil prices fell today and are set for a second weekly drop as Iran tensions ease. Weak demand forecasts and rising Venezuelan supply further pressured the market.

洞察:
Oil prices slipped on Friday, February 13, 2026, and remained on track for a second consecutive weekly decline as geopolitical tensions showed signs of easing. The primary trigger for the price drop was a statement from United States USUS President Donald Trump, who noted that the White House could potentially reach a deal with Iran IRIR over the next month. This development has significantly reduced the near-term geopolitical risk premium that had been priced into the market.
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia, July 14, 2025. REUTERS/Stringer/File Photo
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia, July 14, 2025. REUTERS/Stringer/File Photo
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