Oil benchmarks retreated as political risk premium eased following U.S. President Donald Trump’s decision to pull back from threats of tariffs on European and NATO allies over their opposition to his proposal to acquire Greenland, and to rule out military action to seize the Danish territory. The more conciliatory stance toward both Greenland and Iran contributed to a roughly 2% decline in crude prices, underscoring how quickly shifting geopolitical rhetoric can influence energy markets, particularly Oil – US Crude and related contracts. Natural gas markets, represented by Natural Gas, are also in focus as traders reassess demand and supply expectations alongside changes in broader risk sentiment and macro headlines.
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Over the past month, Oil – US Crude has advanced about 3.99%, reflecting a net gain despite recent volatility tied to U.S. foreign policy signals and concerns about global growth. The 1-day technical view for U.S. crude currently points to a Buy bias, suggesting near-term momentum remains constructive even after the latest pullback. Natural Gas has markedly outperformed, rallying roughly 26.21% over the last month amid shifting expectations for seasonal demand, storage trajectories, and production trends. Its short-term technical stance is likewise rated as a Buy, indicating that technical indicators are still skewed toward further upside in the near term, though the magnitude of recent gains may increase the risk of sharper corrections. Investors can explore more updates, prices, and analysis across global markets at Commodities.