Oil hovers near seven-month highs

LONDON, (UrduPoint / Pakistan Point News / WAM - 25th Feb, 2026) Oil prices held around seven-month highs on Wednesday. Brent futures were up 33 cents at $71.10 a barrel by 1127 GMT, while West Texas Intermediate (WTI) futures gained 22 cents to $65.85.

Brent prices reached their highest since 31st July on Friday, while WTI hit its highest since 4th August on Monday.