CRUDE WRAP: WTI (G6) SETTLES USD 1.36 HIGHER AT 59.12/BBL; BRENT (H6) SETTLES USD 1.35 HIGHER AT USD 63.34/BBL

Analysis details (19:32)

Crude prices gained in the US session after contained trade through the European morning. Updates throughout the EU session included Trump noting the second wave of attacks on Venezuela was cancelled, resulting in brief new session lows for WTI and Brent of USD 57.61/bbl and USD 59.77/bbl, respectively. Thereafter, focus turned to the continued protests in Iran, with geopolitical risk seemingly being priced in following an Iranian prosecutor saying rioters causing damage will face the death penalty, a prospect that is likely to worsen relations with the US, given that Trump on Thursday said the US will hit Iran hard if they kill rioters. WTI and Brent hit highs of 59.77/bbl and USD 63.92/bbl, respectively. US Baker Hughes (9th Jan): Oil -3 at 409, Natgas -1 at 124, Total -2 at 544

09 Jan 2026 - 19:32- ForexGeopolitical- Source: Newsquawk