{"id":16819,"date":"2026-02-09T07:45:46","date_gmt":"2026-02-09T07:45:46","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=16819"},"modified":"2026-02-09T07:45:46","modified_gmt":"2026-02-09T07:45:46","slug":"global-crude-oil-prices-today-february-9-2026-brent-oil-falls-to-67-38","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/16819\/","title":{"rendered":"Global Crude Oil Prices Today (February 9, 2026) \/ Brent Oil Falls to $67.38"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Oil prices declined roughly 1% on Monday as immediate fears of conflict in the Middle East eased significantly following the U.S. and Iran\u2019s commitment late last week to continue negotiations on Tehran\u2019s nuclear program. This reduced investors\u2019 concerns about potential disruptions to oil supply.<\/p>\n

According to Roydad Naft, Brent crude futures were down 67 cents, or 1%, at $67.38 per barrel as of 04:44 GMT. U.S. light crude (WTI) also dropped 61 cents, or 1%, to $62.94 per barrel.<\/p>\n

Tony Sycamore, market analyst at IG, said: \u201cWith negotiations set to continue in the near future, immediate concerns about supply disruptions in the Middle East have eased considerably.\u201d<\/p>\n

Iran and the United States committed to ongoing talks after indirect negotiations in Oman on Friday, which both sides described as \u201cpositive,\u201d even though differences remain. This progress has lowered fears that a breakdown in talks could push the Middle East toward war\u2014especially given the recent deployment of additional U.S. military forces in the region.<\/p>\n

That said, investors continue to worry about the potential for supply disruptions from Iran and other regional producers, as roughly one-fifth of global oil consumption passes through the Strait of Hormuz (between Oman and Iran).<\/p>\n

Both oil benchmarks fell more than 2% last week, marking their first weekly decline after seven consecutive weeks of gains, largely attributed to de-escalating tensions.<\/p>\n

Iran\u2019s Foreign Minister emphasized on Saturday that if U.S. forces attack Iran, Tehran would retaliate by striking American bases in the Middle East. These statements indicate that the threat of conflict persists.<\/p>\n

Priyanka Sachdeva, senior market analyst at Phillip Nova, noted: \u201cMarket volatility remains high, with conflicting statements continuing. Any negative news could quickly reignite the risk premium in oil prices.\u201d<\/p>\n

Investors are also facing international efforts to curb Russia\u2019s oil revenues due to the war in Ukraine. On Friday, the European Commission proposed a broad ban on any services supporting Russia\u2019s seaborne crude oil exports.<\/p>\n

Indian refiners, once the largest buyers of Russian seaborne crude, have refrained from purchasing cargoes for April delivery, and this trend is expected to continue for some time. This shift could help India finalize a trade agreement with the United States.<\/p>\n

Sachdeva added: \u201cOil markets will remain sensitive to the extent of this pivot away from Russian oil\u2014whether India\u2019s reduced purchases extend beyond April and how quickly new supply streams can replace the lost flows.\u201d<\/p>\n

Updated on