WTI Flips Above Brent for First Time as OPEC+ Warns of Long Recovery
WTI crude briefly topped $114 and flipped above Brent in a historic inversion, while OPEC+ made a symbolic output hike and warned war damage will take years to repair.
WTI crude briefly topped $114 and flipped above Brent in a historic inversion, while OPEC+ made a symbolic output hike and warned war damage will take years to repair.
WTI closed above $100 for the first time since 2022 as Trump threatened to destroy an Iranian oil facility, with Brent on track for its biggest monthly gain on record.
OPEC+ faces its most consequential meeting in years as falling demand forecasts, the Hormuz crisis, and trade war uncertainty all land at once.
A look at the key factors driving WTI crude oil prices in 2026, including OPEC+ policy, U.S. shale production, and global demand trends.