Wednesday, January 21, 2026
Oil prices drop as tariff jitters weigh; weekly gains likely- oil and gas 360

Oil prices drop as tariff jitters weigh; weekly gains likely

(Investing) – Oil prices slipped lower U.S. President Donald Trump outlined tariffs against a slew of countries, ramping up concerns over their potential impact on oil demand. At 08:05 ET (12:05 GMT), Brent oil futures for October fell 0.7% to $71.21 a barrel and West Texas Intermediate crude futures dropped 0.6% to $68.85 a barrel. But crude prices were still set for gains of over

Brent crude prices slide as Trump delays Iran strike decision; weekly gains likely- oil and gas 360

Brent crude prices slide as Trump delays Iran strike decision; weekly gains likely

(Investing)– Brent crude oil prices fell sharply Friday, giving back some recent gains after the White House signaled that U.S. President Donald Trump will delay a decision on entering the Iran-Israel war for two weeks. At 07:50 ET (11:50 GMT), Brent oil futures fell 3.7% to $75.96 a barrel, while West Texas Intermediate crude futures, which did not settle on Thursday due to a U.S. holiday,

Oil prices set to post weekly gains on U.S. trade cheer- oil and gas 360

Oil prices set to post weekly gains on U.S. trade cheer

(Investing) – Oil prices rose Friday, heading for weekly gains on optimism over a potential deescalation in U.S. President Donald Trump’s tariff agenda. At 08:40 ET (12:40 GMT), Brent oil futures rose 1.9% to $64.05 a barrel, while West Texas Intermediate crude futures rose 2.1% to $61.17 a barrel. On the week, both contracts were on track to rise more than 4%. Oil buoyed by