India’s purchases of Russian crude surged in March, rising about 90% from February after a U.S. waiver allowed shipments of already-loaded barrels and Middle East tensions disrupted normal flows through the Strait of Hormuz. The shift comes as overall Indian crude imports reportedly fell by 15%, underscoring a reorientation in sourcing that may influence demand dynamics for Oil – Brent Crude and Oil – US Crude.
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Over the past month, Brent futures have advanced about 35%, while U.S. crude has climbed roughly 49%, reflecting heightened geopolitical risk premia and tighter perceived supplies. On a 1-day basis, technical models flag Brent as a Strong Buy, with WTI screened as a Buy, suggesting short-term momentum remains skewed to the upside. Investors can explore more updates, prices, and analysis across global markets at Commodities.