Oil prices eased as investors weighed new Iran negotiations, ongoing disruptions to Black Sea flows from the Ukraine conflict, and tightening conditions in the tanker market. A bid by Sinokor’s Ga-Hyun Chung to secure more than 120 VLCCs has intensified concerns over freight costs and capacity, adding another layer of volatility for Oil – Brent Crude, Oil – US Crude, and Natural Gas as geopolitical and logistical risks reshape trade flows.
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Over the past month, Oil – US Crude has climbed about 6.8%, while Oil – Brent Crude is up roughly 7.1%, with both supported by supply concerns and shipping constraints and flashing a 1-day technical signal of Strong Buy and Strong Buy, respectively. In contrast, Natural Gas is down about 6.7% over the month amid softer demand signals and shows a 1-day technical tilt to Sell, highlighting a divergence in sentiment across the energy complex.
Investors can explore more updates, prices, and analysis across global markets at Commodities.