Oil prices settle higher on force majeure at Kazakh field, slow Venezuela exports
January 22, 2026
(Investing) – HOUSTON – Oil prices closed 0.5% higher on Wednesday on optimism around tighter supply after a temporary shutdown at two large fields in Kazakhstan and as low volume of Venezuelan oil exports highlighted slow progress in reversing output cuts in the South American country. Brent futures settled up 32 cents, or 0.5%, to $65.24 a barrel, while the U.S. West Texas
