OPEC’s share of India’s crude imports climbed to an 11‑month high in December as Russian shipments were curtailed by fresh U.S. sanctions, according to trade data cited by Reuters. The producer group’s crude accounted for just over half of India’s intake, while Russian supplies fell to their lowest level in roughly two years, partly due to Reliance Industries halting purchases from sanctioned Rosneft. The shift underscores India’s role as a flexible demand center in global oil markets and may influence pricing dynamics for both Oil – Brent Crude and Oil – US Crude, as refiners balance cost, sanctions risk, and supply security, with possible knock-on effects for broader energy sentiment including Natural Gas.
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Over the past month, Oil – US Crude (CM:CL) has advanced about 5.5%, reflecting a market that is weighing geopolitical disruptions and OPEC supply management against demand concerns; its 1-day technical outlook currently screens as a Buy, suggesting near-term upside momentum. Oil – Brent Crude (CM:BZ) has gained roughly 6.4% over the same period, signaling firm pricing for seaborne benchmarks amid trade flow realignments, while its 1-day technical view stands at Hold, indicating a more neutral short-term stance. In contrast, Natural Gas (CM:NG) has dropped about 17.0% over the past month as ample supply and seasonality pressures the market, with a 1-day technical signal pointing to Sell, highlighting continued downside risks. Investors can explore more updates, prices, and analysis across global markets at Commodities.