Brent oil price slips from five-month high as Trump hints at Iran talks

Brent crude futures dropped 68 cents, nearly 1%, to $70.03 a barrel by 0958 GMT on Friday. The move came after U.S. President Donald Trump hinted at possible talks with Iran, easing worries about supply disruptions. The March contract expires later Friday; meanwhile, the more active April contract slid 80 cents, or 1.15%, to $68.79. U.S. West Texas Intermediate also dipped 72 cents, or 1.1%, to $64.70. “Trump’s willingness to give diplomacy a chance regarding Iran … makes a U.S. military intervention less likely than yesterday,” said PVM analyst Tamas Varga, who cited a stronger dollar and bouncing supply as factors behind the profit-taking.

Energy Markets · Oil Prices
Crude oil price today: Brent slips from $70 as Trump hints at Iran talks, OPEC+ decision looms

Crude oil price today: Brent slips from $70 as Trump hints at Iran talks, OPEC+ decision looms

Oil prices dropped Friday after U.S. President Donald Trump hinted at possible talks with Iran, easing concerns over a sudden supply disruption from a military strike. By 0958 GMT, Brent crude futures for March, set to expire later that day, dipped 68 cents—nearly 1%—to $70.03 a barrel. The more actively traded April contract slid 80 cents, or 1.15%, landing at $68.79. U.S. West Texas Intermediate crude fell 72 cents, or 1.1%, to $64.70.
30 January 2026
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Brent oil price jumps above $70 as Iran strike fears flare; traders eye OPEC+ and U.S. stocks

Brent oil price jumps above $70 as Iran strike fears flare; traders eye OPEC+ and U.S. stocks

Brent crude futures jumped more than 2% on Thursday and briefly traded above $70 a barrel, a four-month high, as investors weighed the risk of a U.S. military strike on Iran, OPEC’s fourth-largest producer at about 3.2 million barrels per day. Brent was up $1.39, or 2.03%, at $69.79 by 1011 GMT after touching $70.35; U.S. West Texas Intermediate rose $1.37 to $64.58. The immediate fear is Iran could “close the Strait of Hormuz” — a route for about 20 million barrels per day of oil — PVM analyst John Evans said, while DBS Bank’s Suvro Sarkar called the geopolitical risk premium the “main driver.”
29 January 2026
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Natural gas prices cool after storm spike — EQT and gas stocks hold up as traders eye storage

Natural gas prices cool after storm spike — EQT and gas stocks hold up as traders eye storage

U.S. natural gas futures for February delivery dropped roughly 6% on Wednesday as traders trimmed their positions following this week’s weather-fueled jump. The February contract fell 42.3 cents, landing at $6.53 per million British thermal units, with expiration set for later Wednesday. Meanwhile, March futures hovered near $3.82.
28 January 2026
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Natural gas prices swing again after Winter Storm Fern — Henry Hub traders eye Thursday storage data

Natural gas prices swing again after Winter Storm Fern — Henry Hub traders eye Thursday storage data

U.S. natural gas futures slipped Tuesday following a recent surge to multi-year peaks fueled by storm concerns. The February Henry Hub contract dropped 18.4 cents, or 2.7%, to $6.62 per million British thermal units in afternoon trading. With the contract set to expire Wednesday, even small changes in forecasts sparked sharp price moves.
27 January 2026
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