Oil prices retreat after multi-month highs
Edited By WION Video Desk
Published: Jan 19, 2026, 09:51 IST | Updated: Jan 19, 2026, 09:51 IST
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Oil prices are swinging between geopolitics and fundamentals. Crude briefly surged to multi-month highs on fears of possible US strikes on Iran, before retreating as concerns over a global supply glut resurfaced. With forecasters warning of surplus barrels, the oil market is being pulled in opposite directions, leaving prices volatile and the outlook uncertain.
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