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Brent Crude Stabilizes Near Seventy Two Dollars on Shipping Surcharges

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Published: February 23, 2026

Security Insurance Spike

Insurance premiums for tankers transiting the Gulf of Oman have tripled this week. This logistical friction acts as a price floor, even as demand growth in major consuming regions like Europe shows signs of cooling.

OPEC Resistance

OPEC+ members appear comfortable with the current price range and have signaled no immediate change to production targets, prioritizing price stability in a volatile geopolitical environment.