Crude benchmarks extended sharp weekly gains of over 16% as supply risks in the Middle East persisted, even after a brief pullback tied to potential U.S. market intervention. Oil – Brent Crude hovered near $84.66 and Oil – US Crude traded around $79.94, with U.S. sanction waivers on stranded Russian barrels seen as a partial offset to tightening regional flows.
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Over the past month, Brent futures have climbed about 24.29%, while WTI has advanced roughly 26.10%, reflecting a strong bullish trend reinforced by geopolitical tensions and constrained supplies. Daily technicals currently indicate a Buy signal for Brent and a Buy stance for WTI, pointing to sustained positive momentum in the near term. Investors can explore more updates, prices, and analysis across global markets at Commodities.