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Commodities 22 January 2026 - 26 January 2026

Oil prices bounce back as Trump’s Iran “armada” talk and Kazakhstan outage lift Brent, WTI

Oil prices bounce back as Trump’s Iran “armada” talk and Kazakhstan outage lift Brent, WTI

Crude oil prices climbed Friday as U.S. President Donald Trump revived threats against Iran, sparking concerns over potential supply disruptions in the Middle East. Adding to the pressure, a production outage in Kazakhstan tightened the market further. Brent crude for March delivery jumped 76 cents, or 1.2%, to $64.82 a barrel by 1026 GMT. Meanwhile, U.S. West Texas Intermediate crude rose 75 cents, or 1.3%, reaching $60.11.
Crude oil prices slip today: Brent and WTI ease as traders brace for U.S. inventory data

Crude oil prices slip today: Brent and WTI ease as traders brace for U.S. inventory data

Crude oil prices slipped on Thursday following two days of gains as traders pared back bets on geopolitical tensions involving Greenland and Iran. Brent futures dropped 61 cents, or 0.9%, to $64.63 a barrel by 0954 GMT. Meanwhile, U.S. West Texas Intermediate for March slid 54 cents, also 0.9%, settling at $60.08. Ole Hansen, chief commodity analyst at Saxo Bank, described the move as a “deflation of risk premium.” Tony Sycamore at IG added that oil “should hold at around $60 a barrel.”
22 January 2026
Oil prices today: Brent and WTI slide as Trump cools Greenland, Iran talk; inventories back in focus

Oil prices today: Brent and WTI slide as Trump cools Greenland, Iran talk; inventories back in focus

Oil prices gave back two days of gains on Thursday, slipping as traders eased concerns over geopolitical risks. By 0954 GMT, Brent crude dropped 61 cents, or 0.9%, to $64.63 a barrel. Meanwhile, U.S. West Texas Intermediate crude for March slid 54 cents, also down 0.9%, to $60.08. Ole Hansen, chief commodity analyst at Saxo Bank, described the move as a “deflation of risk premium” amid cooling headlines from Greenland and Iran.
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