Brent Extends Gains

2026-01-09 01:32 By Kyrie Dichosa 1 min. read

Brent crude oil futures rose to around $62.4 per barrel on Friday, building on a more than 3% gain in the previous session, the largest since last October, as markets continued to weigh geopolitical risks.

President Donald Trump warned Iran of a “hard” response if its government caused protesters to lose their lives, reigniting concerns over potential supply disruptions from one of OPEC’s largest producers.

Traders also digested news that Senator Lindsey Graham said Trump approved a bipartisan Russia sanctions bill targeting countries buying discounted Russian oil that funds Moscow’s war.

Meanwhile, US actions in Venezuela remained in focus after Washington seized two oil tankers linked to the country in the Atlantic, including one flying a Russian flag, highlighting Trump’s intensified efforts to control energy flows in the Americas and pressure Venezuela’s socialist government.

For the week, oil is on track for a third consecutive advance.



News Stream
Brent Extends Losses
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Brent Crude Slips Below $112
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