Daraa: Oil prices climbed in early trading on the first day of 2026, following last year's steep losses - the largest annual drop since 2020. Market sentiment was driven by ongoing concerns over the Russia-Ukraine conflict and the impact of US restrictions on Venezuelan oil exports.
According to Qatar News Agency, Brent crude futures rose 35 cents to reach USD 61.20 per barrel in early Asian trade, while US West Texas Intermediate (WTI) crude gained 34 cents, settling at USD 57.76 per barrel.