{"id":69899,"date":"2026-02-13T09:35:43","date_gmt":"2026-02-13T09:35:43","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/02\/13\/oil-set-for-second-weekly-loss-on-supply-glut-fears\/"},"modified":"2026-02-13T09:35:43","modified_gmt":"2026-02-13T09:35:43","slug":"oil-set-for-second-weekly-loss-on-supply-glut-fears","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/02\/13\/oil-set-for-second-weekly-loss-on-supply-glut-fears\/","title":{"rendered":"Oil Set For Second Weekly Loss On Supply Glut Fears"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Oil prices were slightly higher on Friday but were on track for a second weekly decline on receding concerns of a U.S.-Iran conflict and supply glut fears.<\/p>\n<p>Benchmark Brent crude futures were marginally higher at $67.56 a barrel, after falling nearly 3 percent on Thursday. WTI crude futures edged up by 0.1 percent to $62.93.<\/p>\n<p>Oil headed for the first back-to-back weekly drop this year after the International Energy Agency lowered its global oil demand forecast for 2026 and projected a sizeable surplus despite outages that cut supply in January.<\/p>\n<p>U.S.-Iran tensions eased somewhat, with U.S. President Donald Trump saying that negotiations with Iran could stretch for as long as a month.<\/p>\n<p>As talks between Iranian and U.S. officials continue over Iran&#8217;s nuclear program, Trump threatened Iran Thursday with &#8220;very traumatic&#8221; consequences if it fails to make a nuclear deal.<\/p>\n<p>However, Israeli Prime Minister Benjamin Netanyahu said he was sceptical about the quality of any such agreement. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Oil Set For Second Weekly Loss On Supply Glut Fears<\/a><br \/>\n<br \/>2026-02-13 09:35:43<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were slightly higher on Friday but were on track for a second weekly decline on receding concerns of a U.S.-Iran conflict and supply glut fears. Benchmark Brent crude&#8230;<\/p>\n","protected":false},"author":2,"featured_media":69900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1585504256855-6718f7a693ae?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=934&q=80","fifu_image_alt":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-69899","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/69899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=69899"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/69899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/69900"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=69899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=69899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=69899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}