# Oil prices unexpectedly score first monthly gain in half a year. So what’s the next move for OPEC+?

> Oil prices ended January with a first monthly gain in six months, with WTI up 14% and Brent up 16% for the month. The rise followed Venezuela and Iran risks, though the broader supply surplus remains.

- Date: 2026-02-01 · published 2026-02-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/20973-oil-prices-unexpectedly-score-first-monthly-gain-in-half-a-year-so-what-s-the
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Price moves reflect geopolitical risk premiums rather than a change in supply balances, so the rally may fade if risks ease. Energy costs for feed buyers remain volatile.

## Sources

- marketwatch.com: https://www.marketwatch.com/story/oil-prices-unexpectedly-score-first-monthly-gain-in-half-a-year-so-whats-the-next-move-for-opec-eac5bd6f

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.