On February 6, 2026, international spot and futures prices for crude oil and refined petroleum products showed varied movements across major markets. Brent crude futures settled at $85.40 per barrel, marking a slight increase compared to the previous session. Meanwhile, West Texas Intermediate (WTI) crude futures closed at $81.75 per barrel, reflecting modest gains amid ongoing market adjustments.
Refined product prices also experienced fluctuations, with gasoline futures rising marginally due to seasonal demand expectations. Diesel prices remained relatively stable, supported by steady industrial consumption. Market participants continue to monitor geopolitical developments and supply chain factors influencing price trends.
**Why this matters**
Oil prices impact global economic activity by affecting transportation, manufacturing, and energy costs. Changes in crude and refined product prices influence inflation rates and can alter consumer spending patterns. Understanding current price movements helps businesses and policymakers make informed decisions regarding energy strategy and economic planning.
Source: NewsData