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Oil prices steady but glut a worry
January 05, 2026
|Bangkok Post
Oil prices steadied on the first trading day of 2026 as expectations for a supply surplus offset geopolitical risks in several Opec+ nations.
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Brent crude futures settled below $61 a barrel on Friday in relatively thin trading, while West Texas Intermediate (WTI) settled above $57. Middle Eastern markets, including derivatives like the regional Dubai benchmark, faltered amid heavy selling pressure on a key trading window in Asian hours, traders said.
Oil closed out 2025 last Wednesday with its steepest annual loss since 2020 as the market confronted wide-ranging geopolitical risks and steadily rising supplies across the globe. A punishing surplus is expected to weigh on prices in 2026.
WTI fell 0.9% to settle at $57.42, completing a 20% decline for the year. In the short term, traders are focused on Opec+ and President Donald Trump’s policies toward Russia, Iran and Venezuela.
هذه القصة من طبعة January 05, 2026 من Bangkok Post.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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