Oil Prices Since Trump Administration (Nov 2024–Jan 2026)

Brent crude dropped 10% since the November 2024 election, from $74.35 to $66.60/barrel. After a brief inauguration spike to $79.27, prices fell steadily through 2025, hitting a low of $62.54 in December. Tariff-driven global slowdown fears and increased US production rhetoric weighed on prices. A small bounce in January 2026 may signal a floor forming.

Data

Data source: EIA Brent Crude Spot Price via datahub.io | Generated by Queryless | Report ID: 0f8ccab9e74cc80b