Oil prices rebound.

World oil prices rose in morning trading on February 11th, as geopolitical tensions related to Iran in the Middle East overshadowed news of a sharp increase in US crude oil inventories.

At the start of trading, US West Texas Intermediate (WTI) crude oil prices surged above $64 per barrel after a slight decline on February 10th. Meanwhile, North Sea Brent crude oil prices remained stable around $69 per barrel.

Market sentiment is being strongly influenced by the latest security reports. Specifically, the Trump administration is considering seizing Iranian crude oil tankers.

At the same time, the White House could deploy another carrier strike group to the region if negotiations on Iran's nuclear program fail.

Since the beginning of 2026, crude oil prices have risen by more than 10%, driven by the combined effects of geopolitical "hot spots." Although initial talks have shown positive signs, investors fear that if a final agreement is not reached, the US may launch airstrikes.

This scenario directly threatens the flow of oil from Iran and carries the potential for retaliation from this member state of the Organization of Petroleum Exporting Countries (OPEC), destabilizing global supply.

Conversely, the American Petroleum Institute (API) just reported that US crude oil inventories increased sharply by 13.4 million barrels last week. If this figure is confirmed by the US Energy Information Agency (EIA), it would be the largest barrel increase since November 2023.

Normally, a sudden surge in inventories would put strong downward pressure on prices, but currently, military risks are acting as the main "support," helping the market remain stable.

Besides developments in the Middle East, investors are awaiting two strategic reports. These are the OPEC monthly report, expected to be released later today, which will provide an overview and forecast of the global market.

Additionally, there is a report from the International Energy Agency (IEA) scheduled for release on February 12th. Prior to this, the IEA has repeatedly warned of a significant oversupply situation in 2026 due to production far exceeding demand.

The tug-of-war between geopolitical risks and fundamental supply and demand factors is expected to keep oil prices highly volatile in the coming sessions.

Source: https://vtv.vn/gia-dau-bat-tang-tro-lai-100260211095333488.htm