Price Watch

A daily bulletin about oil and gas

The Futures

Oil and gas prices are more than numbers—they reflect global events, technological advancements, and environmental concerns.

Horizon Energy Digest

Your go-to source for the latest updates and insights in the energy sector.

Oil Prices Open 2026 Higher as Geopolitical Risk Rises

Oil prices inched higher in early Asian trading on January 2, the first trading session of 2026, as geopolitical tensions continued to provide support after the major benchmarks posted their steepest annual losses since 2020. At the time of writing, Brent crude was up 0.30% at $61.03 per barrel, while U.S. West Texas Intermediate had climbed 0.30% to $57.59 per barrel.

USA Crude Oil Inventories Drop Almost 2MM Barrels WoW

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 1.9 million barrels from the week ending December 19 to the week ending December 26, the U.S. Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report.

Curious Minds Corner

Why do oil prices react so fast to geopolitical events?

Because oil is traded globally and even small disruptions or risks to supply can immediately affect futures markets and pricing expectations.