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Oil Prices 16 January 2026 - 21 January 2026

Oil prices slip as U.S. inventory build looms and Greenland tariff talk spooks markets

Oil prices slip as U.S. inventory build looms and Greenland tariff talk spooks markets

Brent crude slipped 12 cents to $64.80 a barrel by 1125 GMT Wednesday, reversing a 1.5% gain from the previous day as traders eyed a possible U.S. crude stockpile increase. Kazakhstan’s Tengiz and Korolev fields remain halted, with the shutdown possibly lasting up to 10 days. U.S. inventory data from API and EIA is delayed until later this week due to a holiday. Tariff tensions persist following new threats from Washington.
21 January 2026
Crude oil price today: Brent and WTI hold near $64 and $60 as Greenland tariff threat hangs over demand

Crude oil price today: Brent and WTI hold near $64 and $60 as Greenland tariff threat hangs over demand

Brent crude rose 0.2% to $64.01 a barrel and U.S. WTI gained 0.5% to $59.72 as traders weighed U.S. tariff threats against Greenland and stronger global growth forecasts. Attention turned to the WTI February contract expiry and the upcoming U.S. inventory report due Jan. 22. Thin trading followed a U.S. holiday. Venezuelan cargoes reportedly sold at steep discounts to China.
20 January 2026
Oil prices hold near $60 as Greenland tariff threats rattle demand mood, China data cushions fall

Oil prices hold near $60 as Greenland tariff threats rattle demand mood, China data cushions fall

Brent crude slipped to $63.83 a barrel and WTI fell to $58.95 as traders reacted to new U.S. tariff threats on Europe tied to Greenland. China’s stronger-than-expected growth data and an IMF global outlook upgrade helped steady prices. The dollar index dropped to its lowest since Jan. 12, supporting commodities. Trump’s tariff plan targets several European countries, with rates set to rise if no Greenland deal is reached.
20 January 2026
PetroChina stock price today: 601857 in focus before Shanghai open as ‘flash boys’ curb meets steady oil

PetroChina stock price today: 601857 in focus before Shanghai open as ‘flash boys’ curb meets steady oil

PetroChina’s A shares closed 0.2% higher at 9.82 yuan in Shanghai Monday, with trading volume at 107.66 million shares. China’s securities regulator ordered brokers to remove client servers from exchange data centers, targeting high-frequency trading. Oil prices held steady, with Brent at $64.14 a barrel. The Shanghai Composite rose 0.29% to 4,114 as overall market turnover fell.
19 January 2026
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Saudi Aramco stock price dips after Tadawul close as oil slides — what to watch next

Saudi Aramco stock price dips after Tadawul close as oil slides — what to watch next

Saudi Aramco shares fell 0.36% to 24.89 riyals Monday, reversing part of Sunday’s gains as oil prices slipped and Brent settled at $63.79 a barrel. Saudi Arabia’s main index closed flat, with weak crude and profit-taking curbing risk appetite. The Capital Market Authority confirmed the market will open fully to foreign investors from Feb. 1. Aramco’s full-year earnings are due March 10.
19 January 2026
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Energy Stocks Head Into MLK Break as Oil Firms Up — What Traders Watch Next

Energy Stocks Head Into MLK Break as Oil Firms Up — What Traders Watch Next

U.S. energy shares edged up Friday, with the XLE closing at $47.69, up 0.17%, as oil prices rose ahead of the long holiday weekend. Brent settled at $64.13 a barrel, WTI at $59.44. The S&P 500 slipped 0.1%. Markets remain closed Monday for Martin Luther King Jr. Day, reopening Tuesday. The U.S. oil and gas rig count fell by one to 543 for the week ending Jan. 16.
17 January 2026
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Exxon stock holds near $130 after hours as Venezuela crude signals return to focus

Exxon stock holds near $130 after hours as Venezuela crude signals return to focus

Exxon Mobil shares rose 0.6% to $129.89 in after-hours trading Friday as oil prices held steady ahead of the U.S. holiday weekend. The company is preparing its Baton Rouge refinery to process Venezuelan crude again, according to sources cited by Reuters. Exxon also awarded a contract for 3D seismic work off Trinidad and Tobago, with the survey set to begin in early 2026.
17 January 2026
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Heating oil price jumps before U.S. open as cold risk tightens diesel market

Heating oil price jumps before U.S. open as cold risk tightens diesel market

NYMEX February heating oil futures rose 1.4% to $2.2392 a gallon Friday as U.S. distillate inventories fell to about 4% below the five-year average. Government and private forecasters expect colder weather in the Northeast later in January. Refineries ran at 95.3% capacity last week. Crude stocks increased by 3.4 million barrels, while gasoline inventories jumped by 9 million.
16 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

Brent crude rose 50 cents to $64.26 a barrel by 1000 GMT Friday, rebounding after a sharp drop tied to easing fears of U.S. strikes on Iran. U.S. crude inventories climbed by 3.4 million barrels last week, while gasoline stocks jumped 9 million barrels, EIA data showed. Repsol, ENI, and Maurel & Prom are seeking U.S. approval to resume Venezuelan crude exports. OPEC projected 2027 oil demand growth at 1.34 million barrels per day.
16 January 2026
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IAG share price edges up in London as oil steadies; Middle East diversions in focus

IAG share price edges up in London as oil steadies; Middle East diversions in focus

International Consolidated Airlines Group shares edged up 0.2% to 411.5 pence in early London trading Friday after a volatile week for energy prices and security news. British Airways, part of IAG, continued to avoid Iranian and Iraqi airspace, cancelling all Bahrain flights through Jan. 16. Brent crude steadied at $63.81 a barrel. Investors focused on cost pressures and route disruptions over passenger demand.
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 shares fell 0.6% to $166.16 Thursday as oil prices slid 4% after U.S.-Iran tensions eased. Traders also watched for a possible expanded U.S. license for Chevron to operate in Venezuela, which could boost production. Drones struck two oil tankers in the Black Sea, including one chartered by Chevron. Chevron’s next earnings report is due Jan. 30.
16 January 2026
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