Oil prices tumble below $1 as IEA cuts demand forecast
February 12, 2026
(Investing) – HOUSTON – Oil prices tumbled below $1 a barrel on Thursday investors gave more weight to the International Energy Agency lowering of its global oil demand forecast for 2026 against the receding risk of U.S. attacks on Iran. Brent crude oil futures were down $1.26, or 1.82%, at $68.14 a barrel by 10:16 a.m. CDT (1616 GMT). U.S. West Texas Intermediate
