Oil Prices Stabilize After Four-Day Rally; Iran Tensions, US Stock Build-Up Loom

Commodity
M
Moneycontrol•14-01-2026, 08:28
Oil Prices Stabilize After Four-Day Rally; Iran Tensions, US Stock Build-Up Loom
- •Crude oil prices stabilized after a significant four-day gain, with West Texas Intermediate near $61 and Brent above $65.
- •US officials are set to discuss Iran, with President Trump appealing to Iranian protesters and threatening action over killings.
- •Traders are monitoring political unrest in Iran and potential US intervention, which could impact Iran's 3.3 million bpd oil production.
- •Energy Secretary Chris Wright indicated the US would be a commercial partner if the Iranian government falls, aiming for better oil prices.
- •US crude stocks reportedly rose by 5.3 million barrels last week, the largest increase in two months, while Black Sea tanker attacks complicate Kazakh exports.
Why It Matters: Oil prices stabilize amid Iran concerns and rising US crude stocks, after a strong four-day rally.
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