Today: 22 March 2026
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Oil Prices 24 January 2026 - 30 January 2026

Oil prices slip from five-month highs as Trump hints at Iran talks; OPEC+ decision looms

Oil prices slip from five-month highs as Trump hints at Iran talks; OPEC+ decision looms

Oil prices fell nearly 1% Friday after U.S. President Trump signaled openness to talks with Iran, easing fears of supply disruption. Brent crude dropped 68 cents to $70.03 a barrel by 0958 GMT, while U.S. WTI slipped 72 cents to $64.70. OPEC+ is expected to keep output steady in March, delegates told Reuters. About 500,000 barrels per day of U.S. production remained offline after winter storms.
30 January 2026
Heating Oil Price Ticks Up as Iran Risk Lifts Crude; Traders Weigh U.S. Distillate Stocks

Heating Oil Price Ticks Up as Iran Risk Lifts Crude; Traders Weigh U.S. Distillate Stocks

Heating oil futures rose about 0.4% to $2.4566 a gallon Thursday, tracking a surge in crude prices as Middle East tensions escalated. U.S. distillate stocks increased by 329,000 barrels last week, while crude inventories fell by 2.3 million barrels, according to the EIA. Brent crude climbed 2% to near $69.79 a barrel. Traders remain focused on geopolitical risks and upcoming U.S. inventory data.
29 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 surged above $70 a barrel for the first time in four months on Thursday, driven by Middle East tensions and supply disruptions in Kazakhstan and the U.S. Brent touched $70.35 before easing to $69.79 by 1011 GMT. Traders cited fears of a U.S. strike on Iran and possible closure of the Strait of Hormuz. OPEC+ meets Feb. 1, with U.S. inventory data due Feb. 4.
29 January 2026
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Oil prices jump again as Brent breaks $70 on Iran strike fears

Oil prices jump again as Brent breaks $70 on Iran strike fears

Brent crude topped $70 Thursday as fears of a potential U.S. strike on Iran and a U.S. winter storm disrupting output fueled a price surge. U.S. crude stocks fell by 2.3 million barrels last week, pushing inventories 3% below the five-year average. A U.S. carrier group moved closer to Iran, raising geopolitical risk. Both Brent and WTI are on track for their biggest monthly gains since July 2023.
29 January 2026
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Brent oil price steadies near 4-month high after U.S. storm hits exports; OPEC+ and inventories next

Brent oil price steadies near 4-month high after U.S. storm hits exports; OPEC+ and inventories next

Brent crude fell 39 cents to $67.18 a barrel Wednesday, after storm outages cut U.S. production by up to 2 million barrels per day and disrupted Gulf Coast exports. Kazakhstan’s Tengiz field is restarting after a fire, with officials targeting full output within a week. The U.S. plans to ease some sanctions on Venezuela’s energy sector, potentially increasing heavy crude flows to Gulf Coast refiners. The dollar index remains near four-year lows.
28 January 2026
Oil prices hover near four-month high after U.S. storm froze exports; inventories and OPEC+ next

Oil prices hover near four-month high after U.S. storm froze exports; inventories and OPEC+ next

Brent crude fell 35 cents to $67.22 a barrel premarket Wednesday, while WTI slipped 21 cents to $62.18, easing after a storm-driven rally. U.S. crude exports dropped to zero Sunday before rebounding to 4.4 million barrels per day Monday as Gulf Coast ports reopened. Kazakhstan’s Tengiz field remains under force majeure with output recovery slower than expected. Traders await U.S. inventory data and the Feb. 1 OPEC+ meeting.
28 January 2026
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IAG share price slips as oil climbs again; investors brace for British Airways owner’s results

IAG share price slips as oil climbs again; investors brace for British Airways owner’s results

IAG shares fell 0.7% to 413.40 pence in early London trading, lagging behind easyJet and Ryanair as oil prices rose on U.S. supply concerns. Brent crude extended gains after a 3% jump the previous day. Investors are watching IAG’s results due Feb. 27 for updates on fuel costs and premium demand. Wizz Air dropped 1.55%, while easyJet gained 1.25%.
28 January 2026
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Singapore Airlines share price slips as summer flight boost meets rising oil

Singapore Airlines share price slips as summer flight boost meets rising oil

Singapore Airlines shares fell 0.6% to S$6.34 by mid-afternoon Wednesday after announcing expanded flights to Bangkok, Yangon, and Surabaya for the March–October season. The carrier will deploy the Airbus A380 to Dubai and warned of possible disruptions during the Singapore Airshow. Oil prices remained steady, keeping fuel costs in focus ahead of the Feb. 24 business update.
28 January 2026
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Heating oil price slips after cold snap surge as traders take profit; inventories in focus

Heating oil price slips after cold snap surge as traders take profit; inventories in focus

NY Harbor ULSD March futures fell 0.9% to $2.3283 a gallon Tuesday as winter storm disruptions unsettled distillate trading. U.S. crude output dropped by up to 2 million barrels per day over the weekend, but production and refinery operations are recovering. Traders await outage updates and Wednesday’s U.S. inventory report.
27 January 2026
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Oil prices rise as U.S. winter storm cuts output; Brent, WTI steady on Kazakhstan supply return

Oil prices rise as U.S. winter storm cuts output; Brent, WTI steady on Kazakhstan supply return

Oil prices rose Tuesday as a U.S. winter storm shut in up to 2 million barrels per day of crude output, disrupting refineries. Brent settled at $65.82, up 23 cents; WTI at $60.92, up 29 cents. Gains were limited by Kazakhstan’s plans to restart output and the upcoming OPEC+ meeting on Feb. 1. Traders watched U.S. inventory data and Middle East tensions.
27 January 2026
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SLB stock price today: Venezuela repair talks lift shares as OPEC+ meeting nears

SLB stock price today: Venezuela repair talks lift shares as OPEC+ meeting nears

SLB rose 1.4% to $49.86 by midday Monday after reports of U.S. talks to boost Venezuelan oil output, potentially involving SLB and rivals. Halliburton and Baker Hughes also gained. SLB forecast a weaker Q1, with adjusted core profit expected to drop up to 20%. Oil prices eased after last week’s storm-driven surge.
26 January 2026
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Heating oil price jumps as Winter Storm Fern tightens diesel market — what traders watch next

Heating oil price jumps as Winter Storm Fern tightens diesel market — what traders watch next

NYMEX NY Harbor ULSD March futures rose 2.2% to $2.3917 a gallon Monday, driven by cold weather and Middle East tensions. PJM reported 21 gigawatts of power generation offline, with New England relying on oil for nearly 40% of output. Natural gas prices jumped about 70% amid the Arctic blast. Traders await U.S. inventory data for further direction.
26 January 2026
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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 edged higher Monday, with Brent at $65.95 and U.S. crude at $61.10, after a severe winter storm cut U.S. output by about 300,000 barrels a day. North Dakota and the Permian Basin saw the biggest drops. Kazakhstan’s Tengiz field began a slow restart after an outage. OPEC+ is expected to keep output steady for March at its Feb. 1 meeting.
26 January 2026
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British Airways owner IAG share price dips as oil firms and travel stocks ease

British Airways owner IAG share price dips as oil firms and travel stocks ease

IAG shares fell 1.3% to 412.7 pence in early London trading, extending recent losses and underperforming the broader European travel and leisure sector, which slipped 0.6%. Investors cited rising oil prices and geopolitical risks, while Ryanair’s upbeat booking outlook offered limited support. No new company-specific news emerged ahead of IAG’s Feb. 27 results.
26 January 2026
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BP share price: buyback filing and a jump in oil set the tone for the week ahead

BP share price: buyback filing and a jump in oil set the tone for the week ahead

BP shares closed up 1.6% at 443.65 pence Friday after the company repurchased nearly 3 million shares for treasury. Brent crude settled at $65.88 a barrel, rising 2.8% on renewed supply concerns linked to Iran. A U.S. winter storm is cutting oil and gas output. BP recently flagged $4–5 billion in impairments tied to its energy transition businesses.
25 January 2026
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Saudi Aramco stock price: 2222 in focus ahead of Sunday as oil whipsaws on Iran headlines

Saudi Aramco stock price: 2222 in focus ahead of Sunday as oil whipsaws on Iran headlines

Saudi Aramco shares closed up 0.96% at 25.24 riyals Thursday, with 11 million shares traded. Brent crude jumped 2.8% to $65.88 a barrel after new U.S. sanctions on Iranian oil and Middle East tensions. CEO Amin Nasser dismissed forecasts of a 2026 oil glut, citing low global spare capacity. OPEC+ meets Feb. 1 to discuss output cuts, a key factor for crude prices and Aramco sentiment.
24 January 2026
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Stock Market Today

  • Federal Reserve Highlights Inflation Risks as Stock Market Reacts Mildly
    March 22, 2026, 11:07 AM EDT. The Federal Reserve's Open Market Committee kept interest rates steady between 3.5% and 3.75% last week but raised inflation forecasts for 2026, signaling economic caution. Core Personal Consumption Expenditures (PCE) inflation outlook increased to 2.7%, with producer input costs jumping 3.4% annualized in February, exceeding expectations. Fed Chair Jerome Powell emphasized that future rate cuts depend on economic progress amid ongoing uncertainties, including Middle East conflicts. Despite these red flags, the stock market's broad sell-off was relatively muted, suggesting investors may be underestimating emerging risks. The cautious tone contrasts with recent weak job growth data, pointing to fragile economic conditions ahead.
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