Baku 30° C
Oil prices rise
Energy
- 28 January, 2026
- 09:46
Oil prices rose on January 28 morning following the release of a US inventory estimate, Report informs referring to trading data.
The price of April Brent crude futures increased by 0.39% from the previous close, to $65.85 per barrel, while March WTI futures rose by 0.54%, to $62.73.
The American Petroleum Institute (API) has published its own estimate of US crude oil reserves. According to the institute, commercial crude oil inventories in the country decreased by 0.25 million barrels for the week ending January 23.
Official statistics from the US Department of Energy will be released later on Wednesday. It was earlier noted that the figure for the week ending January 16 increased by 3.6 million barrels, to 426 million.
Author
Latest News
21:45
Ilham Aliyev: We are witnessing tangible dividends of peace in economic, trade and other spheres
Foreign policy21:37
Ilham Aliyev: TRIPP holds tremendous potential for ensuring security in South Caucasus
Foreign policy21:29
President: Azerbaijan–US ties have now reached their highest point in 34-year history of diplomatic relations
Foreign policy21:25
Ilham Aliyev: Azerbaijani society embracing peaceful environment that has emerged in the region
Foreign policy20:11
Work on transport infrastructure in Azerbaijan nearing completion as part of TRIPP
Foreign policy20:06
Donald Trump highly appreciates President Ilham Aliyev's role in peace process
Foreign policy19:58
Ilham Aliyev and Donald Trump hold telephone conversation
Foreign policy19:56
Witkoff: South Caucasus is safer, more prosperous and more stable
Region19:40