Asian Crude Imports Poised for Record, Supporting Brent and WTI Gains

Asia’s crude import demand is set to hit a new daily record in February, with inflows projected at about 28.51 million barrels per day as major buyers ramp up purchases amid robust refinery utilization and shifting geopolitical risks. The outlook for tighter seaborne supply and stronger Asian demand underpins recent gains in Oil – Brent Crude and Oil – US Crude, reinforcing the region’s role as the key driver of global consumption trends.

Over the past month, Brent has advanced roughly 5.95%, while U.S. crude is up about 5.28%, reflecting an improving demand backdrop and risk premia tied to trade-route disruptions. On a 1-day basis, technicals point to a Buy signal for Brent and a Hold stance for WTI, suggesting near-term momentum remains constructive but with some caution as prices approach recent highs. Investors can explore more updates, prices, and analysis across global markets at Commodities.