Severe winter storm disrupts national oil production and lifts global prices
A major winter storm cut US oil output by 15 percent over the weekend. Combined with global supply risks, crude prices settled significantly higher on Tuesday.
Insights:
Oil prices settled roughly 3% higher on Tuesday, January 27, 2026, as a massive winter storm in the United States 
UScombined with international supply constraints to tighten the market. Brent Crude Oil futures settled up $1.98, or 3.02%, at $67.57 a barrel, while U.S. West Texas Intermediate crude, also known as WTI Crude Oil , settled up $1.76, or 2.9%, at $62.39 a barrel. The price surge reflects immediate concerns over domestic availability and broader geopolitical risks affecting global distribution networks.
UScombined with international supply constraints to tighten the market. Brent Crude Oil futures settled up $1.98, or 3.02%, at $67.57 a barrel, while U.S. West Texas Intermediate crude, also known as WTI Crude Oil , settled up $1.76, or 2.9%, at $62.39 a barrel. The price surge reflects immediate concerns over domestic availability and broader geopolitical risks affecting global distribution networks.
