Oil Price Today Steadies as Greenland Crisis and Supply Surplus Weigh on Market
Oil price stood mostly steady on January 20, 2026, as global markets reacted to mixed signals from geopolitics and supply data. Brent crude hovered around $64 a barrel, while U.S. West Texas Intermediate stayed close to $59-$60. Prices showed little movement even though traders closely watched unfolding events in Greenland and ongoing worries about a growing global oil surplus.
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