Nigeria, Jan. 26 -- Market data monitored on Monday showed Brent crude trading around 65.8 dollars per barrel, while United States West Texas Intermediate hovered near 61 dollars.

Although both benchmarks recorded slight intraday declines, prices remained close to their highest levels since January after last week's rally.



Analysts attribute the market's resilience to tightening supply conditions, particularly production losses in the United States following severe weather that disrupted output across key oil producing regions.

Concerns have also intensified around the Middle East after increased military activity raised fears of possible disruptions to major supply routes, adding a risk premium to prices.



The News Chronicle und...