Site Icon My Commodity News

WTI Crude Oil Prices Soften on Fed Uncertainty and Supply Glut

image-alt-text
Published: January 28, 2026

Inventory Builds

API data released late Tuesday showed another build in US crude stocks, reinforcing the oversupply narrative. Traders are hesitant to hold long positions without a clear geopolitical trigger.

Fed Impact

A hawkish Fed could strengthen the dollar, further pressuring dollar-denominated commodities like oil. The market is pricing in a cautious tone from Powell.