Oil prices rise amid US production disruptions

26/01/2026 Argaam
Oil drilling rigs

Oil drilling rigs

Oil prices rose during trading today, Jan. 26, after posting weekly gains of 2.7%, as investors assessed production disruptions in the US, along with ongoing geopolitical risks that threaten the outlook for a supply surplus this year.

 

Brent crude was trading up 0.55% at $66.17 a barrel, at 09:15 am Makkah time. West Texas Intermediate (WTI) rose 0.55% to $61.42 a barrel.

 

Analysts at JPMorgan said in a note released today that US crude oil production has fallen by about 250,000 barrels per day due to bad weather, Reuters reported.

 

According to ship-tracking data from Kpler, total Russian fuel oil exports to Asia have reached about 1.2 million metric tons (about 246,000 barrels per day) since the beginning of January, heading for the third consecutive monthly decline.

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