
"Commodity" US crude oil supply is expected to increase, oil prices remain stable
The closure of two large oil fields in Kazakhstan is only temporary, and with U.S. President Trump clarifying that there will be no aggressive move on Greenland, U.S. crude oil inventories are expected to increase by about 1.7 million barrels for the week ending January 16. Oil prices stabilized on Wednesday.
New York March futures rose by $0.20 or 0.3% to $60.50. Brent March futures rose by $0.10 or 0.2% to $65.00

