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CNBC TV1814-01-2026, 06:45

Oil Prices Steady After Rally, Iran Meeting in Focus at White House

  • Oil prices stabilized after a four-day rally, with West Texas Intermediate near $61 and Brent above $65.
  • US officials are set to discuss Iran at a White House meeting amidst ongoing protests against the government.
  • President Trump urged Iranians to continue protests and stated he would 'act accordingly' based on casualty reports.
  • Traders are monitoring political unrest in Iran, a major oil producer, and potential US intervention.
  • An industry report indicated a significant rise in US crude stockpiles, while Black Sea tanker attacks complicated Kazakhstan's exports.

Why It Matters: Oil prices stabilize as White House meeting on Iran's political unrest and its oil output takes center stage.

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