Nymex Crude Futures Extend Winter Range Amid Stagnant Oil Outlook

Crude oil futures extended a narrow range on the New York Mercantant Exchange Thursday, Feb. 12, 2026, reflecting muted expectations for supply-demand fundamentals. Brent crude CLT3 for March delivery closed 0.2% higher at $82.40 per barrel, while West Texas Intermediate CLT3 settled 0.1% lower at $80.30 per barrel. Prices remain near a 12-month low amid weak global economic growth and a lack of major production changes. The EIA reported U.S. crude inventories at 483.6 million barrels, 2.1 million higher than the prior week, suggesting supply pressures could persist.