SunSirs: International Crude Oil Futures Prices Rise
February 05 2026 10:26:57 SunSirs (Selena)
On February 4th, international crude oil futures rose. The settlement price of the March WTI crude oil futures contract in the United States was $65.14 per barrel, an increase of $1.93 or 3.1%. The settlement price of Brent crude oil futures in April was $69.46 per barrel, an increase of $2.13 or 3.2%.
This indicates that the market is optimistic about the outlook for crude oil demand, which may be due to expectations of global economic recovery or supply tightening caused by geopolitical factors. This news will drive up the spot price of crude oil, as a rise in the futures market usually reflects a tightening of supply or increased demand in the spot market, thereby having a significant positive impact on spot prices.
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