Duringthe European trading session on Friday (February 13), as the week’s trading approached its end, WTI crude oil continued its short-term weak trend, with cumulative declines of nearly 4% over the past few trading sessions. The new round of selling pressure primarily stemmed from the International Energy Agency (IEA) lowering its global oil demand growth forecast for 2026, compounded by warnings of oversupply, leading to a significant cooling of market risk appetite. Currently, WTI has fallen below the $63 mark and is continuously testing support at the $62 level. If the demand outlook further deteriorates, oil prices may remain under pressure in the short term, with risks of falling to $60 or even lower levels increasing. Downward revision of demand expectations: Growth momentum clearly slowing, according to the International

Source: news.futunn.com