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Energy Preview: WTI crude oil holds above $65 per barrel mark
01-Feb-2026 09:06

WTI Crude oil slid on Friday as traders opted for profit-taking. In addition, the U.S. dollar index moving higher and the possibility of diplomatic intervention in the U.S.-Iran conflict weighed on prices. WTI Crude Oil for March delivery was last seen trading down by 0.32% at $65.74 per barrel. Meanwhile, Trump announced former U.S. Federal Reserve Governor Kevin Warsh as his nominee to succeed current Chair Jerome Powell, whose tenure ends in a few months. The counter however holds around a four month high above $65 per barrel mark.

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