Heating oil price today steadies near $2.25 as Iran risk collides with U.S. stockpile test

U.S. heating oil futures nudged higher in early Wednesday trading, staying close to recent peaks following a strong jump the day before as crude prices climbed again. The contract last changed hands at $2.2488 a gallon, up 1.04 cents, or 0.46%, after closing Tuesday at $2.2384.

Commodities · Energy Markets · NASDAQ:CME · NYSE:GS · Oil Prices
Gasoline price stock UGA climbs premarket as oil rally puts pump prices back in play

Gasoline price stock UGA climbs premarket as oil rally puts pump prices back in play

Shares of United States Gasoline Fund LP ticked up about 1.1% in early trading Tuesday as oil prices surged amid concerns that unrest in Iran could tighten supply. Brent futures climbed $1.20, or 1.9%, to $65.07 a barrel by 1150 GMT. U.S. West Texas Intermediate rose $1.23, roughly 2.1%, hitting $60.73. “The oil market is building in some price protection against geopolitical drivers,” said John Evans, an analyst at PVM Oil Associates.
13 January 2026
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Brent price today jumps toward two-month high as Iran unrest flares; oil-stock investors watch CPI, Venezuela flows

Brent price today jumps toward two-month high as Iran unrest flares; oil-stock investors watch CPI, Venezuela flows

Brent crude futures climbed $1.06, or 1.7%, reaching $64.93 a barrel by 0934 GMT on Tuesday, near levels not seen since mid-November amid renewed worries about Iran’s exports. U.S. West Texas Intermediate rose $1.02, also 1.7%, to $60.52. John Evans, an analyst at PVM Oil Associates, noted the market is factoring in some price protection against geopolitical risks, while Barclays estimates that unrest in Iran has tacked on roughly $3-$4 a barrel in geopolitical “risk premium”—the added cost traders accept to hedge against supply disruptions.
13 January 2026
Oil prices jump on Iran unrest as Exxon stock slips premarket; Venezuela barrels in focus

Oil prices jump on Iran unrest as Exxon stock slips premarket; Venezuela barrels in focus

Oil prices climbed early Tuesday, with Brent futures rising $1.06, or 1.7%, to $64.93 a barrel. U.S. West Texas Intermediate gained $1.02, also 1.7%, reaching $60.52, close to their strongest points since mid-November. Barclays estimated the geopolitical “risk premium”—the extra cost traders factor in for possible supply disruptions—at around $3-$4 a barrel. Brent’s premium over Dubai, a key Middle East benchmark, also stretched to its widest since July, according to LSEG data. John Evans, analyst at PVM Oil Associates, noted, “The oil market is building in some price protection against geopolitical drivers.”
13 January 2026
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Crude oil price today: Brent nears $65, WTI tops $60 on Iran unrest, Venezuela tug-of-war

Crude oil price today: Brent nears $65, WTI tops $60 on Iran unrest, Venezuela tug-of-war

Oil prices surged again Tuesday, with Brent nearing $65 a barrel and U.S. West Texas Intermediate climbing back above $60 as traders factored in heightened risks from Iran. By 0934 GMT, Brent futures had risen $1.06, or 1.7%, to $64.93 a barrel; WTI gained $1.02, also 1.7%, reaching $60.52. “The oil market is building in some price protection against geopolitical drivers,” said John Evans, an analyst at PVM Oil Associates. Barclays estimated the Iran unrest “risk premium” — the added cost reflecting supply fears — at roughly $3-$4 a barrel.
13 January 2026
Oil prices wobble on Iran protests: Brent slips near $63 as Trump weighs options, Hormuz risk back

Oil prices wobble on Iran protests: Brent slips near $63 as Trump weighs options, Hormuz risk back

Oil prices slipped on Monday as traders balanced Iran’s efforts to calm tensions after days of unrest against a market flush with supply. By 10:45 GMT, Brent crude futures dropped 31 cents, or 0.5%, to $63.03 a barrel. U.S. West Texas Intermediate lost 36 cents, or 0.6%, settling at $58.76. “Lower European equity markets and the absence of fresh supply disruptions are putting moderate pressure on oil prices, after last week’s strong rally,” said UBS analyst Giovanni Staunovo.
12 January 2026
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Crude Oil Price Today: Brent dips, oil stocks wobble as Iran and Venezuela headlines hit

Crude Oil Price Today: Brent dips, oil stocks wobble as Iran and Venezuela headlines hit

Brent crude futures slipped 31 cents, or 0.5%, to $63.03 a barrel by 5:45 a.m. ET. U.S. West Texas Intermediate crude fell 36 cents, or 0.6%, to $58.76. Iran’s foreign minister said the situation was “under total control” after weekend violence, blunting some supply fears. “Lower European equity markets and lack of additional supply disruptions is moderately weighing on oil prices,” UBS analyst Giovanni Staunovo said.
12 January 2026
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