Oil Fluctuates as Traders Weigh Surplus, Geopolitical Risks

(Bloomberg) — Oil stabilized on the first trading day of 2026 as expectations for a supply surplus offset geopolitical risks to production in several OPEC nations. Brent crude futures settled below $61 a barrel in relatively thin trading, while West Texas Intermediate settled above $57. Middle Eastern markets, including derivatives like the regional Dubai benchmark,…

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