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Oil Prices News 4 January 2026 - 7 January 2026

Oil prices slide today on Trump’s Venezuela crude deal as inventories loom

Oil prices slide today on Trump’s Venezuela crude deal as inventories loom

London, Jan 7, 2026, 10:50 GMT — Regular session Oil prices fell on Wednesday after U.S. President Donald Trump said the United States had reached a deal to import up to $2 billion worth of Venezuelan crude, a move traders read as adding supply into a market already wrestling with a glut narrative. Brent crude futures fell 35 cents, or 0.6%, to $60.35 a barrel by 0928 GMT, while U.S. West Texas Intermediate crude fell 52 cents, or 0.9%, to $56.61. Both benchmarks extended declines of more than $1 from the previous session. Reuters The Venezuela headline lands as investors
7 January 2026
Singapore Airlines stock edges up as oil slides; investors eye Feb 24 update

Singapore Airlines stock edges up as oil slides; investors eye Feb 24 update

Singapore, Jan 7, 2026, 15:38 SGT — Regular session Singapore Airlines Ltd shares were up 0.2% at S$6.48 in Wednesday trading, hovering near the day’s range of S$6.41 to S$6.49. The stock has traded between S$5.90 and S$7.63 over the past 52 weeks. Investing.com The small gain comes as oil prices slide on expectations of ample supply, a tailwind for airlines where fuel is a major cost line. Brent settled down 1.7% at $60.70 a barrel on Tuesday, and Morgan Stanley analysts said the market could swing into a surplus of as much as 3 million barrels per day in
Exxon Mobil stock slides 3% as oil falls on Venezuela supply bets; investors eye next catalyst

Exxon Mobil stock slides 3% as oil falls on Venezuela supply bets; investors eye next catalyst

New York, January 6, 2026, 18:40 EST — After-hours Exxon Mobil Corp shares fell 3.4% to $121.05 on Tuesday, after trading between $121.01 and $126.11. Oil prices slid as the market weighed expectations of ample global supply in 2026 against uncertainty over Venezuelan output after the U.S. capture of President Nicolas Maduro. Brent settled down 1.7% at $60.70 a barrel and U.S. West Texas Intermediate fell 2% to $57.13, while Morgan Stanley analysts warned the balance could tip into a surplus of as much as 3 million barrels a day in the first half. “Oil supply will be sufficient in
Woodside Energy stock edges higher as oil dips; investors watch Jan 28 update

Woodside Energy stock edges higher as oil dips; investors watch Jan 28 update

Sydney, Jan 6, 2026, 17:59 AEDT — Market closed Woodside Energy Group Ltd (WDS.AX) shares ended 0.8% higher at A$23.52 on Tuesday, after trading between A$23.31 and A$23.59. The stock had fallen about 1.4% a day earlier, after touching an intraday high of A$24.01. The move matters because Woodside’s share price remains tightly tethered to shifts in crude oil and liquefied natural gas (LNG), the super-chilled fuel shipped by tanker. Energy traders have been recalibrating supply expectations, keeping day-to-day volatility elevated. That sensitivity is coming back to the fore as investors look ahead to Woodside’s next production update later this
Devon Energy stock edges up in premarket as oil slips on Venezuela shock; CEO panel next

Devon Energy stock edges up in premarket as oil slips on Venezuela shock; CEO panel next

NEW YORK, Jan 5, 2026, 05:25 ET — Premarket Devon Energy shares were up 0.9% at $38.22 in premarket trading on Monday, according to Public market data. Public Oil was the immediate backdrop. Brent crude futures, the global benchmark, were down 0.8% at $60.26 a barrel and U.S. West Texas Intermediate (WTI) was off 0.9% at $56.79 after the U.S. captured Venezuelan President Nicolas Maduro over the weekend, Reuters reported. “Any meaningful recovery in Venezuelan output is likely to take considerable time,” UBS strategist Giovanni Staunovo said. Reuters That matters for Devon because U.S. shale producers remain highly sensitive to
Shell plc stock slips in premarket as oil prices ease after Venezuela upheaval

Shell plc stock slips in premarket as oil prices ease after Venezuela upheaval

NEW YORK, January 5, 2026, 05:28 ET — Premarket Shell plc’s U.S.-listed shares (SHEL) fell 1.6% to $74.20 in premarket trading on Monday, after rising 2.7% on Friday to $75.44. The ADR has traded between $58.55 and $77.47 over the past 52 weeks, with early trading hovering near the lower end of Friday’s $73.91-$75.56 range. Investing The move puts the oil major back in focus as crude prices eased in early trading after Washington’s seizure of Venezuelan President Nicolas Maduro over the weekend. Brent fell 0.8% to $60.26 a barrel and U.S. West Texas Intermediate slipped 0.9% to $56.79, Reuters
IAG share price ticks up in London as oil dips; traders eye Madrid strike and Feb 27 results

IAG share price ticks up in London as oil dips; traders eye Madrid strike and Feb 27 results

LONDON, Jan 5, 2026, 09:46 GMT — Regular session Shares of British Airways owner International Consolidated Airlines Group (IAG) (ICAG.L) rose 0.4% to 421.7 pence by 0934 GMT, after trading between 418.4p and 424.3p, market data showed.  Investors Chronicle The move came as European stocks traded firmer, with the pan-European STOXX 600 up 0.3% by 0810 GMT as investors returned from the New Year break. Defence stocks led gains after U.S. military strikes on Venezuela, while traders kept one eye on central-bank signals for possible rate cuts.  Reuters Oil was also in focus for airlines, where jet fuel is a
UK Stock Market Open Today: FTSE 100 Futures Near 10,000 as Venezuela Shock Puts Oil and Deals in Focus

UK Stock Market Open Today: FTSE 100 Futures Near 10,000 as Venezuela Shock Puts Oil and Deals in Focus

London, Jan 5, 2026, 02:54 ET — Premarket London shares were set for a firmer start on Monday as investors assessed the market fallout from the U.S. capture of Venezuelan President Nicolas Maduro, a weekend shock that has kept oil traders on alert while lifting demand for safer assets. FTSE futures were up about 0.6% ahead of the cash open. Reuters That matters for the UK benchmark because the FTSE 100 is packed with energy and mining heavyweights, so moves in crude and metals can show up quickly in the index at the open. Gold, a “safe-haven” asset investors buy
India stock market open Jan 5: Oil shock risk meets Nifty record high — what to watch on Dalal Street

India stock market open Jan 5: Oil shock risk meets Nifty record high — what to watch on Dalal Street

MUMBAI, Jan 4, 2026, 14:40 ET — Market closed Oil is back in focus for Indian markets ahead of Monday’s open after Washington’s weekend moves in Venezuela revived supply worries and set the stage for a jump in crude when trading resumes.  Reuters That matters now because India imports most of its crude, and higher oil typically feeds into inflation expectations and weighs on the rupee, tightening conditions for equities. With benchmarks already at all-time highs, traders are likely to treat any oil-led risk-off swing as a direct test of this rally’s staying power. India’s Nifty 50 ended Friday up
Oil turmoil meets a FTSE 100 near 10,000: what to watch before UK stocks open Monday

Oil turmoil meets a FTSE 100 near 10,000: what to watch before UK stocks open Monday

LONDON, January 4, 2026, 14:39 ET — Market closed Oil is the first read for London equities at Monday’s Jan. 5 open after the United States seized Venezuelan President Nicolas Maduro and President Donald Trump said Washington would take control of the oil-producing nation. OPEC+ — the Organization of the Petroleum Exporting Countries and allies including Russia — said it would keep first-quarter output steady. “The political transition in Venezuela adds another major layer of uncertainty,” said Jorge Leon, head of geopolitical analysis at Rystad Energy.  Reuters That matters because the FTSE 100 is dominated by multinationals — including oil
Oil prices in focus after U.S. Venezuela strike: Brent, WTI set for volatile reopen

Oil prices in focus after U.S. Venezuela strike: Brent, WTI set for volatile reopen

NEW YORK, Jan 4, 2026, 12:52 ET Oil traders were braced for a volatile open on Sunday after Venezuela’s state-run PDVSA asked some joint ventures to cut crude output as a U.S. oil embargo froze exports following the capture of President Nicolas Maduro in a strike on Saturday, sources said. The company pointed to swelling inventories and a shortage of diluents — lighter oil used to thin heavy crude for shipment — the sources said.  Reuters Brent crude, the international benchmark, last settled at $60.75 a barrel on Friday, while U.S. West Texas Intermediate (WTI) closed at $57.32. The global
Global stock markets brace for Venezuela shock as oil weakness and U.S. jobs report loom

Global stock markets brace for Venezuela shock as oil weakness and U.S. jobs report loom

NEW YORK, Jan 4, 2026, 12:12 ET — Market closed Global stock markets were shut on Sunday, but investors were preparing for a potentially volatile restart after the United States captured Venezuelan President Nicolás Maduro and said it would take temporary control of the oil-rich country. Strategists said the surprise escalation could prompt a short-term shift into safe-haven assets such as government bonds and gold when major markets reopen. Reuters The timing matters because risk appetite was already being tested by thin year-end liquidity and a crowded January calendar of U.S. data and earnings that investors use to set positions
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Rio Tinto stock jumps as Glencore mega-merger is shelved; what to watch next week

Rio Tinto stock jumps as Glencore mega-merger is shelved; what to watch next week

7 February 2026
Rio Tinto’s U.S. shares closed up 2.5% at $93.37 Friday after the company ruled out a merger with Glencore, triggering a six-month “no-bid” lockout under UK takeover rules. Both companies cited disagreements over valuation. Attention now turns to Rio’s Feb. 19 results and iron ore prices, which fell below $100 a tonne amid weak Chinese demand.
iFAST share price drops 3% as markets shut; earnings next week in focus

iFAST share price drops 3% as markets shut; earnings next week in focus

7 February 2026
iFAST shares fell 3.2% to S$9.64 in heavy trading Friday, closing near the day’s low as investors awaited FY2025 results due Feb. 12. The stock is about 13% below its 52-week high. iFAST recently agreed to buy a 30% stake in Financial Alliance for S$19.6 million, pending regulatory approval. Assets under administration stood at S$30.62 billion as of Sept. 30.
Sembcorp Industries share price: what to watch after Friday dip as Feb 25 results near

Sembcorp Industries share price: what to watch after Friday dip as Feb 25 results near

7 February 2026
Sembcorp shares closed at S$6.05 on Friday, down 0.33%, as Singapore’s STI dropped 0.8%. Shareholders approved the A$6.5 billion Alinta Energy takeover on Jan 30, but the deal still faces regulatory and closing conditions. Sembcorp will release FY2025 results on Feb 25 before market open. Trading volume reached about 4.3 million shares.
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