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NYSE:CVX 25 January 2026 - 31 January 2026

Brent crude price ticks up as U.S. winter storm hits output, traders eye next supply test

Brent crude price ticks up as U.S. winter storm hits output, traders eye next supply test

Brent crude futures edged higher Tuesday after a U.S. winter storm disrupted crude production and unsettled some Gulf Coast refineries, though potential supply from Kazakhstan capped the rally. “The cold weather in the U.S. will likely cause quite significant drawdowns in oil stocks over the next few weeks,” said Tamas Varga, oil analyst at PVM. Meanwhile, ANZ’s Daniel Hynes noted that “supply risks haven’t totally evaporated.” By 1017 GMT, Brent had gained 23 cents, or 0.35%, to $65.82 a barrel, while U.S. West Texas Intermediate added 29 cents to $60.92.
27 January 2026
Crude oil price today: Brent, WTI hold near two-week highs as winter storm Fern disrupts U.S. output; OPEC+ up next

Crude oil price today: Brent, WTI hold near two-week highs as winter storm Fern disrupts U.S. output; OPEC+ up next

Oil prices nudged up Monday, staying close to two-week peaks amid a brutal U.S. winter storm that cut output and ongoing concerns about Middle East tensions. Brent crude futures inched up 7 cents to $65.95 a barrel by 1107 GMT, while U.S. West Texas Intermediate added 3 cents, reaching $61.10. Both benchmarks surged over 2% on Friday, finishing the week with a 2.7% gain. Phillip Nova’s Priyanka Sachdeva pointed to storm-triggered “shut-ins,” or temporary production stoppages, which are tightening “physical flows” — the actual movement of oil in the market.
Oil stocks face Monday test after crude hits 1-week high on Iran risk, with Big Oil earnings ahead

Oil stocks face Monday test after crude hits 1-week high on Iran risk, with Big Oil earnings ahead

Oil shares are poised to open higher Monday in the U.S. as crude prices hit their highest level in over a week amid mounting pressure on Iran from Washington, raising fresh supply concerns. On Friday, Brent climbed $1.82, or 2.8%, to close at $65.88 a barrel. U.S. West Texas Intermediate jumped $1.71, or 2.9%, ending the day at $61.07.
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