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18 April 2024

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Oil little changed as supply concerns temper US winter output disruptions

26-01-2026 08:38 AM


Ammon News - Oil prices were little changed on Monday after climbing more than 2% in the previous session, as supply concerns kept a lid on benchmarks despite production disruptions in major U.S. crude-producing regions.

Brent crude futures fell 7 cents, or 0.1%, to $65.81 a barrel at 0221 GMT. U.S. West Texas Intermediate crude was at $61.01 a barrel, down 6 cents, or 0.1%.

Both benchmarks notched weekly gains of 2.7% to close on Friday at their highest points since January 14. A U.S. military aircraft carrier strike group and other assets are expected to arrive in the Middle East in the coming days.

Reuters




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