Oil prices extend gains, Brent surpasses $72
ArgaamPlus·2026-02-20 10:51
Group 1 - Oil prices have risen for three consecutive sessions, driven by concerns over potential conflict with Iran and disruptions to crude supplies following President Trump's remarks about a 15-day deadline for Iran to reach a nuclear agreement [2][3] - Brent crude futures for April delivery increased by 0.61% to $72.09 per barrel, marking a weekly gain of over 6% [5] - US WTI crude futures for March delivery rose approximately 0.6% to $66.83 per barrel, nearing the $67 level [6] Group 2 - Trump is considering a limited military strike on Iran as a means to pressure Tehran into a nuclear deal, which is seen as an escalation of pressure rather than an immediate intention to launch a full-scale attack [3][4]