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Crude oil futures settle higher as OPEC+ pauses production hike for early 2026

06 Jan 2026 Evaluate

Crude oil futures ended higher on Monday as concerns of oversupply eased after the OPEC+ alliance reaffirmed its plans to pause production hike for early 2026. Besides, in Europe, Russia and Ukraine continue to mutually attack with no end in sight. Despite intense month-long negotiations with Russia and Ukraine to convince both nations to end the war, the US failed come up with any breakthrough. Along with ongoing war, the decrease in value of the U.S. dollar has supported crude oil prices on the upside.

Benchmark crude oil futures for February increased $1.00 or 1.74% at $58.32 a barrel on the New York Mercantile Exchange. Brent crude for March delivery surged $1.01 or 1.66% to settle at $61.76 a barrel on London's Intercontinental Exchange.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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