Also, US heating oil futures jumped around 5%. Brent crude futures settled up US$2.93, or 4.35%, at US$70.35 a barrel. US West Texas Intermediate (WTI) crude futures settled up US$2.86, or 4.59%, to US$65.19. On Tuesday, oil fell after Iran's foreign minister said Tehran and Washington had reached an understanding on guiding principles of nuclear talks. Traders will monitor US oil inventory reports from the American Petroleum Institute, due on Wednesday, and from the Energy Information Administration on Thursday.

Source: The Star February 18, 2026 23:39 UTC