Winter Storm Fern and Geopolitical Tensions Push Oil Prices to Multi-Week Highs
Winter Storm Fern caused 250,000 barrels per day of crude losses in the US. Simultaneously, US-Iran tensions and supply outages pushed prices to peak levels.
Insights:
Winter storm Fern struck the US 
UScoast on January 26, 2026, forcing production shut-ins in major crude and Natural Gas producing regions. This weather event caused approximately 250,000 barrels per day of crude production losses, with significant declines reported in the Bakken field in Oklahoma and parts of Texas. Consequently, Brent Crude Oil futures rose 7 cents to $65.95 a barrel at 1107 GMT on January 26.
UScoast on January 26, 2026, forcing production shut-ins in major crude and Natural Gas producing regions. This weather event caused approximately 250,000 barrels per day of crude production losses, with significant declines reported in the Bakken field in Oklahoma and parts of Texas. Consequently, Brent Crude Oil futures rose 7 cents to $65.95 a barrel at 1107 GMT on January 26.
