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Oil Futures Mixed Amid U.S.-Iran Talks and Inventory Surge

2/26/2026

49 4 Full Breakdown

Summary

Story summary

Oil futures closed mixed on February 25, 2026, as markets stayed cautious ahead of U.S.-Iran nuclear talks.
Brent crude rose 0.1% to $70.85 per barrel.
West Texas Intermediate fell 0.3% to $65.42.
The Energy Information Administration (EIA) reported a 16 million barrel increase in U.S. crude inventories, the largest in three years.
Refinery capacity usage declined by 2.4 percentage points, reducing daily processing by 416,000 barrels.

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Story summary

Oil futures closed mixed on February 25, 2026, as markets stayed cautious ahead of U.S.-Iran nuclear talks.
Brent crude rose 0.1% to $70.85 per barrel.
West Texas Intermediate fell 0.3% to $65.42.
The Energy Information Administration (EIA) reported a 16 million barrel increase in U.S. crude inventories, the largest in three years.
Refinery capacity usage declined by 2.4 percentage points, reducing daily processing by 416,000 barrels.