Headline: Crude Oil Prices Surge on Weakening USD, Boosted by U.S.-India Trade Deal - CLS, WTI up 5.2%, 4.8%
[Para 1: The Lead] Crude oil prices surged on Tuesday, February 7, 2026, as the U.S. dollar weakened, benefiting oil exports. The price of light, sweet crude oil (WTI) climbed 4.8% to $78.50 per barrel, while the cost of Brent crude, a global benchmark, increased 5.2% to $82.30 per barrel. The U.S.-India trade deal, announced on the same day, is expected to boost demand for oil, further driving up prices. [Para 2-3: Supporting details & Context] The U.S. dollar index fell 0.7% to 102.1, making oil more expensive for dollar-denominated buyers. The U.S.-India trade agreement, which includes a $5 billion energy deal, is anticipated to increase India's oil imports from the U.S., a key driver for WTI prices. Analysts predict that the deal could lead to a 10% increase in U.S. oil exports to India over the next five years, significantly impacting global oil markets and contributing to the upward momentum in crude oil prices.