Crude Oil Permian - Jan 12, 2026
- Cactus I Posts Highest 2025 Monthly Flows
- Permian Express Volumes Dip, Nederland-Bound Flows Soften
- New Year Starts With 3 Fewer Permian Rigs
Crude prices pushed higher for a third straight week, with WTI and Brent posting their strongest gains in more than two months as traders priced in rising geopolitical risk and tightening physical markets. Volatility was driven by Middle East and Venezuela headlines, alongside a surprise U.S. inventory draw that reinforced the bullish tone. In the physical market, WTI Midland strengthened sharply, trading at its firmest premium since October.