China has sharply increased purchases of Russian crude, offsetting a pullback by Indian refiners from the spot market and helping stabilize global benchmarks. Rising Russian flows into China come as seaborne trade realigns under sanctions pressure, supporting prices for Oil – Brent Crude and Oil – US Crude amid ongoing geopolitical risks and supply management by OPEC+.
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Over the past month, Brent has climbed about 12.2%, while U.S. crude is up roughly 11.8%, reflecting tighter perceived supply and resilient demand expectations. One-day technicals currently flag both Brent and WTI as Strong Buy and Strong Buy, respectively, indicating bullish momentum in the near term. Investors can explore more updates, prices, and analysis across global markets at Commodities.