# Oil Heads for Best Month in Over 2 Years

> WTI crude traded near $65.5 per barrel on Friday and was on track for its best month since July 2023 on geopolitical risk premium. Prices then slipped below $63 as the IEA reiterated a record 2026 surplus of about 3.7 million bpd and lowered its demand forecast. Trump said talks with Iran could last up to a month.

- Date: 2026-01-30 · published 2026-01-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/21229-oil-heads-for-best-month-in-over-2-years
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Conflicting signals of supply risk and record forecast surplus leave crude range-bound, limiting pressure on energy input costs for feed mills in the near term.

## Read by commodity

- WTI: neutral

## Sources

- tradingeconomics.com: https://tradingeconomics.com/commodity/crude-oil/news/521385

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