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 5, 2026. Prices hovered near $80 per barrel as traders awaited key economic data and OPEC+ policy signals. The winter trading season ends March 31, with light price spread (LPS) crude expiring March 22. Technicals suggest continued low volatility, with the front-month contract at 2.5% above its 50-day moving average.