Oil rebounds after Saudi officials comments

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Oil prices launched a massive recovery move after Saudi officials denied earlier WSJ reports regarding increasing OPEC+ oil output. Saudi Energy Minister Abdulaziz told State News Agency that the current cut of 2 million bpd will be maintained until the end of 2023. He emphasized that cartel is ready to intervene if additional measures are required to balance supply and demand He also pointed put, that it is common knowledge that OPEC+ does not discuss any decisions prior to the meeting.

OIL.WTI - buyers managed no only to halt declines around major support zone at $76.20, but also erased majority of today's losses. The nearest resistance to watch is located at $81.20. Source: xStation5

11 February 2026, 1:15 PM

Market wrap: Oil gains amid US - Iran tensions 📈 European indices muted before US NFP report

11 February 2026, 12:29 PM

📈 Gold jumps 1.5% ahead of NFP, hitting its highest level since Jan. 30

11 February 2026, 7:57 AM

Silver rallies 3% 📈 A return of bullish momentum in precious metals?

10 February 2026, 6:47 PM

Daily summary: Weak US data drags markets down, precious metals under pressure again!

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