Martha Dowding
Research Associate, Flux
Brent Sub-$65/bbl
Aramco says oil glut overstated; US refiners buy Venezuelan crude; tanker rates lift Russian trade.
Published: January 22, 2026
Written by:
Martha Dowding
4 page report
The Mar’26 Brent crude futures contract has been supported at the low $64/bbl level this morning, before trading up to $64.50/bbl by 18:30 SGT (10:30 GMT). The Mar’26 Brent crude futures contract failed to reach $65.40/bbl in the early morning and has since dropped to $64.70/bbl at 10.20 GMT (time of writing)...
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