Crude Oil Daily Brief
Sunday, June 14, 2026
Crude oil prices held steady with WTI at $95.00/bbl and Brent at $97.46/bbl, maintaining a $2.46 spread.
Headline
WTI front
USD 95.00/bbl
Brent front
USD 97.46/bbl
Brent–WTI
+2.46
Sessions
Asia · Asia
Mixed trading
Regional demand patterns supported crude futures.
Europe · ICE
Brent USD 97.46
Pipeline extension talks and Middle East developments influenced trading.
US · NYMEX
WTI USD 95.00
Domestic crude maintained steady levels amid infrastructure discussions.
Commentary
Iraq-Turkey Pipeline Extension Talks Continue
neutralIraq has requested Turkey extend the Kirkuk-Ceyhan oil pipeline deal for at least one year, highlighting ongoing regional infrastructure negotiations. The pipeline serves as a key export route for Iraqi crude to international markets, with extension terms potentially affecting regional supply logistics.
News
Iraq has asked Turkey to extend the Kirkuk-Ceyhan oil pipeline deal for at least a year.
Why it matters: The pipeline extension affects Iraqi crude export capacity and regional supply chain logistics for refiners and traders.
Trump tells Israel to stop as Lebanon attacks risk Iran deal.
Why it matters: Middle East geopolitical tensions can impact regional crude supply security and shipping routes through key transit areas.
Iran signals no deal will be signed by Trump's Sunday timeline.
Why it matters: Iran deal developments directly affect potential sanctions relief and Iranian crude supply availability to global markets.