Oil jumped after Goldman Sachs Group Inc. boosted a price forecast by a third and said global crude markets have probably rebalanced. West Texas Intermediate futures added 0.8 percent in…

On Tuesday, 17 February 2026, around 2 billion people will celebrate the start of a lunar new year. The lunar calendar marks each year with one of 12 animals, and 2026 moves from the Year of the Snake – a biodiversity hero in its own right – to that of the horse.   Horses have quietly shaped their environments for more than 50 million years and accompanied human development for the past 4 millennia. Every July, these creatures are honored on World Horse Day, and this year is also the International Year of Rangelands and Pastoralists, recognizing specific types of communities and ecosystems that have been critically supported by horses. Horses are ecosystem engineers Horses improve the environment for other species – if managed sustainably Horses are resilience in action Horses are stronger together

Crude had risen since late last week as tensions in Iraq, OPEC’s second-largest producer, led to the halt of production at two Kirkuk fields. The resulting export curbs pushed oil in the U.S. to a three-week high on Wednesday but Brent has failed to breach last month’s peak and dropped below $58 following the inventory data. Prices reflect “oil bulls taking profit after the supply disruption in Iraq failed to drive Brent to new highs,” said Ole Hansen, head of commodity strategy at Saxo Bank A/S. “It’s a classic risk-off move. On balance, I believe yesterday’s EIA report was net bearish.” U.S. gasoline inventories expanded by 908,000 barrels last week, while distillate supplies climbed to 134.5 million barrels, according to the Energy Information Administration. Refinery utilization slipped as plants including Exxon Mobil Corp.’s Joliet refinery in Illinois were said to carry out maintenance. Click Read More below for additional information.