CRUDE WRAP: WTI (G6) SETTLES USD 0.25 HIGHER AT USD 59.44/BBL; BRENT (H6) SETTLES USD 0.37 HIGHER AT USD 64.13/BBL
Analysis details (19:32)
The crude complex ended the day, and week, with gains in what was filled with geopolitical risk. Although oil finished in the green for the week, it was well off earlier highs given the more constructive Trump tones in Iran in the last couple of days. The most recent update, which saw a brief bout of downside, was Trump noting he greatly respects the fact that all scheduled hangings, which were to take place yesterday (over 800 of them), have been cancelled by the leadership of Iran. Nonetheless, newsflow on Friday was fairly sparse, and participants are likely want to take money off the table ahead of the long US weekend due to MLK day on Monday. In the weekly Baker Hughes rig count, oil rose to 410, natgas fell 2 to 122, leaving the total down 1 at 543.
16 Jan 2026 - 19:32- ForexGeopolitical- Source: Newsquawk
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