The U.S. Interior Department under the Trump administration has begun soliciting industry interest for new offshore oil and gas lease areas off Southern and Central California, potentially paving the way for a sale as early as next year. The initiative, which represents a further effort to expand domestic hydrocarbon production, could have implications for U.S. supply expectations and longer-term pricing dynamics for both Oil – US Crude and Natural Gas, although any actual production impact would likely be several years out and contingent on regulatory, legal, and environmental challenges.
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Over the past month, Oil – US Crude has advanced about 7.73%, reflecting a constructive short-term trend supported by tighter supply expectations and policy headlines such as the California leasing move, with the 1-day technical outlook currently signaling Buy. Natural Gas has shown even stronger momentum, climbing roughly 27.41% over the same period amid shifting weather-driven demand forecasts and broader energy market volatility, and its 1-day technical reading also indicates Buy. Investors can explore more updates, prices, and analysis across global markets at Commodities.