Oil markets rallied on February 11, 2025, as geopolitical tensions and supply disruptions drove prices to two-week highs. West Texas Intermediate (WTI) crude for March delivery closed at $73.32 per barrel, gaining 1.38%.
Meanwhile, Brent crude for April rose 1.49% to settle at $77.00 per barrel. The surge reflected a complex interplay of sanctions, production shortfalls, and escalating Middle East tensions.
The fragile ceasefire in Gaza deteriorated after U.S. President Donald Trump warned Hamas to release hostages by Saturday or face severe consequences. Israeli Prime Minister Benjamin Netanyahu echoed the sentiment, further fueling fears of renewed conflict in the region.
These developments added to existing supply concerns tied to U.S. sanctions on Russian and Iranian oil exports. Russian crude production fell below its OPEC+ quota in January, with sanctions disrupting shipments to major importers like China and India.
Analysts noted that several million barrels of Russian oil remain stranded due to blocklisted tankers. Meanwhile, U.S. measures targeting Iranian oil shipments have tightened global supply chains, amplifying pressure on prices.
The Energy Information Administration (EIA) maintained its Brent price forecast at $74 per barrel for 2025 but highlighted potential volatility. The agency reported that U.S. oil production would reach 13.59 million barrels per day this year, slightly exceeding earlier estimates.
Global Oil Market Dynamics
However, global demand growth remains tepid, raising concerns about long-term market stability. Market sentiment also reflected technical factors. Brent crude traded above key moving averages, signaling bullish momentum despite resistance near $78.19 per barrel.
WTI showed signs of a potential trend reversal after breaking through $73, supported by tightening supplies. Trade policy added another layer of uncertainty.
The U.S. imposed new tariffs on steel and aluminum imports, prompting fears of economic slowdowns that could dampen energy demand. However, these concerns were outweighed by immediate supply risks.
Analysts expect further inventory builds in the U.S., with preliminary data forecasting a 2.8-million-barrel increase last week. This could temper price gains if confirmed by official figures tomorrow.
Live Market IntelligenceCommodities — Live Market Board
Rio Times · Live Market Intelligence
Commodities — Live Market Board
+0.02%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| GOLD | 3,886 | +0.03% | -4.62% | 3,885 | 3,927 | 3,871 | 151,010 |
| SILVER | 49.12 | -1.70% | -2.97% | 49.97 | 50.73 | 48.41 | 49,657 |
| BRENT | 95.84 | +0.02% | +49.28% | 95.82 | 97.12 | 95.07 | 22,079 |
| WTI | 88.56 | -0.20% | +47.82% | 88.74 | 89.64 | 87.80 | 181,210 |
| COPPER | 6.09 | -1.50% | +21.80% | 6.18 | 6.24 | 6.05 | 53,682 |
| LITHIUM | 58.76 | -1.13% | -7.86% | 59.43 | 59.59 | 58.42 | 159,497 |
| IRON ORE | 161.91 | — | +55.06% | 161.91 | 161.91 | 1 | |
| SOY | 1,232 | +0.37% | +6.42% | 1,227 | 1,241 | 1,219 | 103,557 |
| CORN | 445.50 | +0.68% | +2.47% | 442.50 | 450.25 | 441.75 | 245,686 |
| WHEAT | 593.25 | +1.54% | +9.00% | 584.25 | 600.00 | 582.00 | 99,685 |
| COFFEE | 279.25 | -0.34% | -30.63% | 280.20 | 279.20 | 272.35 | 17,133 |
| SUGAR | 18.40 | +0.99% | +24.32% | 18.22 | 18.54 | 18.16 | 59,813 |
| COCOA | 5,123 | +1.13% | -2.68% | 5,066 | 5,330 | 5,169 | 27,100 |
| ORANGE JUICE | 136.85 | -2.91% | -12.02% | 140.95 | 141.25 | 135.00 | 973 |
| COTTON | 79.02 | +0.44% | +26.72% | 78.67 | 79.90 | 78.63 | 18,270 |
| BEEF | 224.80 | +2.70% | +1.59% | 218.90 | 225.88 | 221.45 | 23,034 |
| CATTLE | 335.35 | -0.10% | -1.32% | 335.67 | 336.98 | 329.53 | 9,700 |
| USD/BRL | 5.67 | +0.45% | +7.09% | 5.64 | 5.67 | 5.63 | — |
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error
LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.