crude oil price Starting to decrease this week after Israel concluded its offensive in the Gaza Strip.

“Crude oil prices” started falling this week. Brent is below $82, WTI is at $76 after multiple strikes in the southern Gaza Strip.

On February 12, 2567, Reuters reported that global crude oil prices fell in early Asian trading on Monday (February 12, 2567) after Israel said it had ended several strikes in southern Gaza, easing some concerns about production from the Middle East.

Brent crude oil futures fell 43 cents, or 0.5%, to $81.76 per barrel, while U.S. West Texas Intermediate (WTI) crude oil futures fell 46 cents, or 0.6%, to $76.38 per barrel.

by geopolitical risks and the wider Israeli-Palestinian conflict across the region. and disruption of oil production capacity in the Middle East. As a result, oil prices rose about 6% last week.

The Israeli military said on Monday that it had carried out several offensives in southern Gaza, which have now concluded, days after Israeli Prime Minister Benjamin Netanyahu rejected a ceasefire offer from Hamas.

Although concerns about production capacity in the Middle East remain high , news from the United States has eased some worries. U.S. energy companies increased their oil and natural gas drilling rigs to their highest levels since mid-December, potentially signaling an increase in output. Domestic production rebounded last week to 13.3 million barrels per day (bpd).

Reference: reuters.com