Uneasiness over Venezuela and Iran sent crude oil prices up on Tuesday

  • January 13, 2026

Because of the continued geopolitical risks and possible supply disruptions in Iran and Venezuela, crude oil prices recorded increases in Tuesday’s trading and US crude topped $60 a barrel.
Oilprice.com reported protests in Iran have resurfaced as a market concern, reviving long-running questions about internal stability in a country that remains a sizeable OPEC producer and strategic choke point for global oil flows. Even when oil is still flowing, unrest inside Iran has a way of injecting risk premium into prices.
West Texas Intermediate crude, the U.S. benchmark, finished at $60.83 a barrel, breaking the $60 mark for the first time in weeks and also increasing from the $59.50 a barrel close recorded on Monday. By later in the day, prices were up to $61 or 2.64% higher.
Brent crude, the international standard, closed at approximately more than $65 a barrel and after the 3 p.m. closure of the U.S. markets, the prices had increased 2.41%.

Natural gas prices finished down for the day, settling at $3.385 MMBtu after a drop of $0.024 or 0.70%.

Tuesday’s trading was positive for Oklahoma energy stocks as all but one recorded gains. One finished in negative territory while another recorded no loss or gain. Mammoth Energy led all with a more than 7% increase for the day.

 

Alliance Resource Partners LP
24.32

Jerry Bohnen