February WTI crude oil (CLG26) on Friday closed up +0.25 (+0.42%), and February RBOB gasoline (RBG26) closed up +0.0014 (+0.08%). Crude oil and gasoline prices settled higher on Friday, recovering some of Thursday’s sharp selloff. Geopolitical risks in Iran are supporting crude prices even as the chance of an immediate US response to violent […]
Iran Tensions Underpin Crude Oil Prices Read More »
The US Energy Information Administration forecasts US Crude production to remain near 13.6 million bpd in 2026, with a gradual decline next year due to weaker drilling activity amid low Oil prices. While oversupply persists at roughly 2.8 million bpd this year, rising demand and falling US output are expected to gradually reduce the global
US Crude output to decline as prices remain soft – Commerzbank Read More »
West Texas Intermediate (WTI) Oil price moves little after two days of more than 3% losses, trading around $58.80 during the Asian hours on Friday. WTI price faces challenges as geopolitical risk premiums faded following easing fears of a possible US military strike on Iran. Crude Oil prices are heading for a modest weekly decline
WTI hovers below $59.00 as US-Iran tensions ease, weekly loss looms Read More »
PRICE HIKE LOOMS. Motorists refuel at an oil firm station in Quezon City in this undated photo. Jetti Petroleum president Leo Bellas on Friday (Jan. 16, 2026) forecast diesel prices to rise by PHP1.80 to PHP2 per liter and gasoline, by PHP1 to PHP1.20 per liter next week. (PNA file photo by Ben Briones) Published
Hefty oil price hike looms next week Read More »
Kenyan motorists and households will enjoy slight relief at the pump after the Energy and Petroleum Regulatory Authority (EPRA) announced a reduction in fuel prices in its latest monthly review. EPRA said it has lowered the price of super petrol by Ksh2 per litre, while diesel and kerosene have each dropped by Ksh1 per litre,
Petrol, Diesel and Kerosene Prices Drop in EPRA’s Latest Review Read More »
Oil prices fell more than 4% on Thursday, after comments from U.S. President Donald Trump eased market speculation that an American strike on Iran could be imminent. Brent crude oil futures, the global benchmark, lost 4.13%, or $2.75, to $63.77 a barrel. Front-month West Texas Intermediate crude lost $2.65, or 4.27%, to trade at $59.37
Oil prices fall 3% after Trump says ‘killing has stopped’ in Iran Read More »
February WTI crude oil (CLG26) on Wednesday closed up +0.87 (+1.42%), and February RBOB gasoline (RBG26) closed up +0.0039 (+0.21%). Crude oil and gasoline prices extended this week’s sharp rally today, with crude climbing to a 2.5-month high and gasoline posting a 5-week high. Fears of an escalation in tensions in Iran, which could disrupt
Geopolitical Risk Pushes Crude Oil Prices Higher Read More »
By Julianne Geiger – Jan 13, 2026, 4:01 PM CST The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 5.27 million barrels in the week ending January 9. Crude oil inventories sagged by 2.8 million barrels in the week prior. The Department of Energy (DoE) reported
Large Crude, Product Builds Weigh on Oil Prices Read More »
By Tsvetana Paraskova – Jan 13, 2026, 3:00 PM CST Oil prices are climbing on geopolitical risk, with Brent hitting $64 and WTI nearing $60 as unrest in Iran and U.S. threats raise fears of Middle East supply disruptions. The Strait of Hormuz risk is back in focus, as escalation could threaten a route that
Iran Turmoil Resurrects Specter of Critical Oil Lane Disruption Read More »
By Julianne Geiger – Jan 13, 2026, 2:17 PM CST Oil prices pushed higher on Tuesday afternoon, with traders weighing a familiar but combustible mix of Middle East risk and Washington-driven policy uncertainty. As of 2:34 p.m. ET, U.S. benchmark WTI crude was trading around $61.10 per barrel, up roughly 2.7% on the day, while
WTI and Brent Rise as Geopolitics and Washington Rattle the Market Read More »
