Oil Market
Crude Oil Futures Plunge 3.3% as Geopolitical Risk Evaporates and Supply Surpluses Loom
NEW YORK — The energy markets faced a sharp correction on Thursday, January 15, 2026, as crude oil futures tumbled 3.3%, effectively erasing a week’s worth of geopolitical gains in a single trading session. The decline, which saw West Texas Intermediate (WTI) fall to roughly $59.97 per barrel