Crude oil stood at $62.96 per barrel on February 13, up 0.19% from previous day. However, prices fell later in trading, with WTI near $62.5 as oversupply fears and weak demand outlook weighed on markets. The International Energy Agency warned of a record surplus in 2026. Brent, WTI were both set for weekly losses amid easing US-Iran tensions and OPEC+ supply concerns.