Crude oil price tumbles on Iran de-escalation; USO stock slips before the bell
New York, Jan 15, 2026, 07:49 ET — Premarket Crude oil prices tumbled more than 3% on Thursday after U.S. President Donald Trump said killings in Iran’s crackdown on protests were stopping, easing fears of a supply shock. Brent was down $2.19 at $64.33 a barrel and U.S. West Texas Intermediate fell $2.06 to $59.96, while Saxo Bank’s Ole Hansen said “the immediate risk premium has softened but is unlikely to go away.” (Reuters) The pullback lands after a jagged week in which traders have tried to price three different flashpoints at once — Venezuela, Iran and Black Sea shipping