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Barchart
Barchart
Andrew Hecht

Why Is Crude Oil Trending Higher?

In my January 15, 2026, Barchart article on the energy sector in Q4, 2025, and the prospects for 2026, I highlighted that NYMEX crude oil futures declined 7.94% in Q4 and were 19.34% lower in 2025, settling at $57.42 per barrel on December 31, 2025. I concluded the report with the following:

When it comes to crude oil, prices remain near the lows, and I expect lower lows over the coming weeks and months as increased U.S. and OPEC production, and the potential for U.S. control of Venezuelan crude oil, could put significant pressure on prices. 

 

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