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Oil prices up as US begins holiday weekend and Iran tension rises

Business World Philippines

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January 19, 2026

Oil prices settled higher on Friday as some investors covered short positions ahead of the three-day Martin Luther King holiday weekend in the US and lingering worries about a possible US military strike against Iran.

Brent crude settled at $64.13 a barrel up 37 cents or 0.58%. US West Texas Intermediate (WTI) finished at $59.44 a barrel up 25 cents, or 0.42%.

Most of Friday’s gains seemed to be due to buying supply ahead of the long weekend, said John Kilduff, partner with Again Capital LLC.

“With that carrier strike group making the move to the (Persian) Gulf, it doesn’t seem likely anything will happen soon,” Phil Flynn, senior analyst with Price Futures Group, said.

The US Navy’s aircraft carrier USS Abraham Lincoln was expected to arrive in the Persian Gulf next week after operating in the South China Sea.

Business World Philippines से और कहानियाँ

Business World Philippines

Business World Philippines

PHL to grow below target until 2027 Maybank

PHILIPPINE ECONOMIC growth may continue to undershoot the government's targets until next year as the lingering effects of the flood control corruption scandal will likely derail recovery, Maybank Investment Banking Group said.

time to read

3 mins

January 21, 2026

Business World Philippines

Business World Philippines

Philippine agriculture output likely increased in 2025

THE PHILIPPINES’ agricultural production is estimated to have grown modestly in 2025 as gains in poultry and crop output likely offset the decline in livestock and fisheries, analysts said.

time to read

2 mins

January 21, 2026

Business World Philippines

Philippines eyes $1.5 billion from triple-tranche dollar bond offer

THE GOVERNMENT is seeking to raise at least $1.5 billion from its triple-tranche offering of dollar-denominated notes, marking the Marcos administration's fourth offshore bond issuance and its first in a year.

time to read

2 mins

January 21, 2026

Business World Philippines

BDO sells controlling stake in DHI

BDO UNIBANK, Inc. (BDO) is selling its controlling stake in its listed investment holding company Dominion Holdings, Inc. (DHI) for P2.54 billion.

time to read

1 mins

January 21, 2026

Business World Philippines

Bol approves Isabela, Pangasinan solar projects

THE Board of Investments (BoI) said it approved the registration of two renewable energy (RE) projects worth a combined P2 billion in Isabela and Pangasinan.

time to read

1 mins

January 21, 2026

Business World Philippines

Rice output ‘disappointing’ even after surpassing DA’s downgraded 2025 target

PHILIPPINE production of palay (unmilled rice) rose 3.01% to 19.68 million metric tons (MMT) in 2025, recovering from the previous year’s decline but below an original official projection of over 20 MMT, analysts said.

time to read

2 mins

January 21, 2026

Business World Philippines

Business World Philippines

Cement is hitting a wall. There’s no coming back

WHAT’S THE MOST important commodity for modern civilization? There’s a good argument that it’s not the ones we think about — oil, gas, copper, iron ore, gold — but something that’s ubiquitous and rarely grabs the attention of financial markets: concrete.

time to read

3 mins

January 21, 2026

Business World Philippines

Business World Philippines

PEZA says prospective investors shrugging off corruption concerns

THE Philippine Economic Zone Authority (PEZA) said potential investors have not yet let the infrastructure corruption scandal affect their plans, adding that it still expects the economic zones it administers to generate 100,000 new jobs this year.

time to read

2 mins

January 21, 2026

Business World Philippines

GOCCs ordered to prepare 2027 budget proposals

THE Department of Budget and Management (DBM) ordered state-run firms to start preparing their budget proposals for 2027.

time to read

1 min

January 21, 2026

Business World Philippines

BoP position swings to deficit in 2025

THE PHILIPPINES' balance of payments (BoP) deficit in 2025 settled below the central bank's full-year forecast despite posting a wider deficit in December.

time to read

3 mins

January 21, 2026

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