Oil hovers near six-month high as investors track US-Iran tensions

However, potential dialogue and other factors are causing a pause in recent gains. Analysts expect prices to hover around $60 a barrel this year. Increased US oil output and production resumption in Kazakhstan also influence sentiment.

Jan 31, 2026 - 20:30
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Oil hovers near six-month high as investors track US-Iran tensions
However, potential dialogue and other factors are causing a pause in recent gains. Analysts expect prices to hover around $60 a barrel this year. Increased US oil output and production resumption in Kazakhstan also influence sentiment.

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