Oil prices reach four month highs as US winter storm and weak dollar tighten supply
Oil prices hit four month highs today as a winter storm disrupted US output and a weak dollar boosted demand. OPEC+ is expected to maintain current production.
On January 28, 2026, global oil prices reached their highest levels since late September as a winter storm disrupted crude output and exports from U.S. 
US Gulf Coast ports. This sector-level impact was further intensified by a weak dollar and existing production outages in Kazakhstan 
KZ, which provided additional upward support for global benchmarks.
US Gulf Coast ports. This sector-level impact was further intensified by a weak dollar and existing production outages in Kazakhstan KZ, which provided additional upward support for global benchmarks.
