India is reversing a recent cut in Russian crude purchases as tensions surrounding U.S. policy toward Iran reshape global oil trade, drawing New Delhi and Moscow closer again. The shift underscores how geopolitical frictions are influencing flows in benchmark contracts such as Oil – Brent Crude and Oil – US Crude, with market participants reassessing supply risks and pricing power.
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Over the past month, Brent has surged about 42.46%, while U.S. crude has climbed roughly 39.61%, signaling heightened risk premia as trade routes and sanctions dynamics evolve. Both benchmarks currently flash a 1-day technical rating of Strong Buy for U.S. crude and Strong Buy for Brent, suggesting bullish momentum amid constrained supply expectations. Investors can explore more updates, prices, and analysis across global markets at Commodities.