Crude oil prices gained on Friday—will it continue this coming week?

  • January 11, 2026

With the world’s crude oil status in turmoil following the U.S. capture of Venezuela’s leader and the takeover of the South American country’s oil and gas industry, crude oil prices rose more than 2% on Friday.

Investors voiced geopolitical concerns about what the takeover will do to the world’s oil status, but added to the concerns were the unrest in Iran. There remain growing fears of potential supply disruptions.

West Texas Intermediate rose 2.35% to settle at $59.12 per barrel on the New York Mercantile Exchange.

World benchmark, Brent crude gained 2.18% to finish at $63.34 per barrel.

Natural gas finished with a nearly 7% drop for the  day, settling at $3.169 MMBtu, down $0.238 or 6.99%.
Oklahoma energy stocks finished with a slight majority reflecting losses on Friday. Empire Petroleum led all with a nearly 9% drop for the day. Mammoth Energy on the other hand had a nearly 8% gain.
Alliance Resource Partners LP
24.36

Jerry Bohnen