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Crude oil futures snap five-day gaining streak amid easing geopolitical tensions

16 Jan 2026 Evaluate

Crude oil futures snapped five-day gaining streak and ended lower on Thursday amid easing geopolitical tensions. Fears of an imminent U.S. action against Iran ebbed as U.S. President Donald Trump appeared to soften rhetoric against Iran. Trump said he had received information ‘on good authority’ that Iran has stayed fast trials and executions of protesters, signaling he may hold off on attacking the country for now. 

Benchmark crude oil futures for February delivery declined $2.83 or 4.56% to settle at $59.19 a barrel on the New York Mercantile Exchange. Brent crude for March delivery decreased $2.76 or 4.14% to settle at $63.76 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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