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Oil Prices 14 January 2026 - 19 January 2026

TSX ends week at fresh records after Canada-China trade deal and oil rebound — CPI next

TSX ends week at fresh records after Canada-China trade deal and oil rebound — CPI next

Canada’s benchmark S&P/TSX Composite closed at a record 33,040.55 on Friday, up 0.04% on the day and 1.3% for the week. Energy rose 0.9% as U.S. crude settled up 0.4% at $59.44, and Prime Minister Mark Carney said an initial Canada-China trade deal would cut tariffs on electric vehicles and canola. Edward Jones strategist Angelo Kourkafas said “markets are rational” as interest-rate swaps, a derivatives market, priced two U.S. rate cuts this year; MDA Space jumped 14.5% after Morgan Stanley lifted its rating to “overweight,” meaning it expects the stock to outperform.
17 January 2026
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Crude oil price today: Brent, WTI rebound after 4% drop as Iran strike fears ease

Crude oil price today: Brent, WTI rebound after 4% drop as Iran strike fears ease

Oil prices nudged up on Friday, recovering after a steep drop the previous day as traders balanced persistent supply concerns with dwindling hopes of imminent U.S. military strikes on Iran. By 1000 GMT, Brent crude climbed 50 cents, or 0.78%, reaching $64.26 a barrel and looked set for its fourth weekly gain. U.S. West Texas Intermediate rose 48 cents, or 0.81%, to $59.67. Analysts at BMI flagged that Iran’s political unrest could trigger “greater volatility,” while IG noted any flare-up would shift focus back to the Strait of Hormuz, a crucial route for around 20 million barrels daily.
16 January 2026
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Chevron (CVX) stock slips as oil drops 4% — and a Venezuela license decision is in focus

Chevron (CVX) stock slips as oil drops 4% — and a Venezuela license decision is in focus

Chevron Corp shares slipped roughly 0.6% to $166.16 Thursday as oil prices dropped about 4%, easing concerns over a potential Iran supply disruption. Phil Flynn, senior analyst at Price Futures Group, noted the shift from a “high likelihood … to a low likelihood,” citing how geopolitical tensions quickly cooled following President Donald Trump’s recent comments.
16 January 2026
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Oil prices tumble 4% on Trump Iran remarks, putting Exxon and Chevron in focus premarket

Oil prices tumble 4% on Trump Iran remarks, putting Exxon and Chevron in focus premarket

Oil prices fell more than 4% on Thursday after U.S. President Donald Trump said killings of protesters in Iran were ending, cooling fears of U.S. military action that could disrupt supply. Brent, the global benchmark, was down $2.84, or 4.27%, at $63.68 a barrel, while U.S. West Texas Intermediate fell $2.68, or 4.32%, to $59.34 by 1012 GMT.
15 January 2026
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