Brazil’s crude shipments to China more than doubled in volume and value in Q1 2026 as Middle East tensions and the closure of the Strait of Hormuz reshaped trade routes, with Chinese buyers turning more to Atlantic Basin supplies such as Oil – Brent Crude and U.S.-linked Oil – US Crude. The disruption underscores how geopolitical risk is tightening seaborne crude availability, potentially supporting benchmark prices while Asia diversifies away from constrained Gulf flows.
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Oil – US Crude has advanced about 7.11% over the past month, with a 1-day technical bias at Buy, reflecting momentum from rerouted flows and supply uncertainty. Oil – Brent Crude is up roughly 11.24% in the same period, also flashing a near-term Buy signal, while Natural Gas has climbed about 10.49% month-on-month with a more neutral 1-day Hold stance as traders weigh regional demand and supply elasticity.
Investors can explore more updates, prices, and analysis across global markets at Commodities.