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Oil Rises as Iran Tensions Overshadow Concern About Supply Glut
Yahoo Finance· 2026-02-11 20:32
Oil gained as tensions in the Middle East outweighed concerns that there’s a supply glut building in the market. West Texas Intermediate rose to settle above $64 after the Wall Street Journal said that the the Pentagon has told a second aircraft carrier strike group to prepare to deploy to the Middle East, citing three US officials. That follows an earlier report from the news agency that the US is considering seizing tankers with Iranian crude. Most Read from Bloomberg “Oil right now, and just the res ...