U.S. Authorizes Oil and Gas Exploration Support in Venezuela, Lifting Crude Benchmarks

The U.S. Treasury has granted a general license allowing U.S. firms to supply goods, technology, software, and services for oil and gas exploration and production in Venezuela, signaling a further easing of sanctions on the country’s energy sector. The decision may influence global crude benchmarks, including Oil – Brent Crude and Oil – US Crude, as investors assess potential incremental supply and its impact on longer-term pricing dynamics.

Over the past month, Oil – US Crude has gained about 7.4%, while Oil – Brent Crude is up roughly 7.5%, reflecting tightening balances and geopolitical risk, with both showing a 1-day technical signal of Strong Buy and Strong Buy, respectively. Natural Gas has risen about 9.2% over one month but currently carries a 1-day technical indication of Sell, highlighting a divergence between recent price momentum and short-term trading signals; Investors can explore more updates, prices, and analysis across global markets at Commodities.