January 16, 2026 7:45 PM

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Global crude oil prices rise amid lingering supply risks

Global crude oil prices rose amid lingering supply risks despite easing concerns over a potential US military strike against Iran. Brent Crude was trading over 1.4 per cent up at 64 US dollars and 67 cents per barrel, and WTI Crude was also trading more than 1.4 per cent up at 60 US dollars and five cents per barrel, when reports last came in.