Oil Prices 3 January 2026 - 9 January 2026

NY Harbor ULSD futures — the main U.S. benchmark for heating oil and diesel — climbed 2.8 cents to $2.1476 a gallon. Traders are eyeing resistance close to $2.16 and support near $2.07. Meanwhile, WTI crude gained 49 cents to $58.25 a barrel and Brent advanced 54 cents to $62.53.

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

Oil traders are bracing for the next crude-futures open after U.S. forces struck Venezuela and captured President Nicolas Maduro, while state company PDVSA said production and refining were operating normally. Two people familiar with PDVSA operations said the attack did not damage oil facilities, though the port of La Guaira near Caracas was badly hit. A U.S. tanker blockade announced in December and the seizure of two Venezuelan crude cargoes already pushed exports to roughly half their November pace, according to monitoring data and internal documents. Reuters