Oil Jumps on Texas Freeze and Iran Tensions: Your Daily Barrel Breakdown with Vanessa
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Oil Jumps on Texas Freeze and Iran Tensions: Your Daily Barrel Breakdown with Vanessa
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This is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of Daily Crude Oil Price Tracker with me, Vanessa Clark. Today Im diving into the latest on crude oil prices, whats driving the market, and some smart tips to help you navigate it all.
Right now, WTI crude oil is hovering around 61 dollars per barrel, up slightly by about 0.5 percent today after edging higher amid US supply disruptions from severe winter storms and rising tensions with Iran. Brent is trading near 66 dollars a barrel. According to MENAFN reports, prices hit 61.37 earlier, supported by storms cutting around 250,000 barrels per day in places like Texas and Oklahoma, plus power grid strains boosting heating oil demand. Geopolitical heat from US warnings to Iran and carrier deployments to the Middle East is keeping traders cautious, though Kazakhstans pipeline ramping back up added some counterpressure.
OPEC plus is holding steady, pausing output hikes through early 2026 to balance a global surplus, as Bloomberg and Oilprice note, despite non-OPEC growth from the US, Brazil, and Guyana. Technicals from FX Daily Report show WTI in an ascending channel, with support at 60 dollars if it dips, eyeing resistance near 61.50.
Heres your takeaway: with weather and risks propping prices, watch for volatility. If youre budgeting for gas or investing, lock in hedges now or diversify into stable energy ETFs. Stay informed on supply news to spot buying dips.
Thanks for tuning in, friends. Subscribe, share with a buddy, and catch you next time on Daily Crude Oil Price Tracker!
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