Martha Dowding
Research Associate, Flux
Brent Support at $63.50/bbl
Brent over $64/bbl as Vitol secured a $250m Venezuelan crude deal, Egypt added new output.
Published: January 16, 2026
Written by:
Martha Dowding
4 page report
Mar'26 Brent futures found support at $63.50/bbl at around 06.30 GMT before rallying to $64.53/bbl at 09.34 GMT and correcting to $64.40/bbl at 10.12 GMT (time of writing). Vitol secured one of the first US purchases of Venezuelan crude under President Trump’s new policy, winning a roughly $250 million deal...
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