17:34 - 11.02.2026

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February 11, Fineko/abc.az. Today, the price of Brent crude oil increased more than by 2% and exceeded $70 per barrel for the first time since January 30, 2026.

ABC.AZ reports that growth relates to increased tensions in the Middle East: according to media reports, the White House is considering sending a second aircraft carrier strike group to the region in the event of failure of negotiations with Iran.

Bloomberg notes that geopolitical risks outweighed concerns about oversupply in the market. According to the expert, technically, oil has moved to growth, while the resistance zone has shifted to the range of $70-70.2 per barrel.