05:46 AM EST, 01/28/2026 (MT Newswires) -- Crude oil prices declined on Wednesday but remained elevated amid winter storm-driven supply disruptions in the U.S.

Brent crude at last look fell 0.6% to US$67.20/barrel and West Texas Intermediate crude lost 0.4% to $62.15/b. Both benchmarks rose about 3% on Tuesday after U.S. producers lost an estimated 2 million barrels per day of national output and with the U.S. dollar hovering near four-year lows against a basket of other currencies, Reuters said in a Wednesday note.

Kazakhstan expects output from the large Tengiz field to resume gradually within a week. Pipeline operator CPC has also restored full loading capacity at its Black Sea terminal, the report said.

Meanwhile, the Organization of the Petroleum Exporting Countries and allied producers are set to maintain a pause on oil output hikes for March at its Feb. 1 meeting, Reuters reported, citing three OPEC+ delegates.

U.S. crude oil and gasoline stockpiles likely increased in the week ended Jan. 23, an extended Reuters poll showed on Tuesday. Data from the U.S. Energy Information Administration will be released late on Wednesday.