U.S. Treasury Secretary Scott Bessent signaled that Washington may ease restrictions on additional Russian crude exports, following a 30-day waiver that lets Russian oil currently at sea be redirected to India. The prospect of incremental Russian supply comes as Oil – US Crude and Oil – Brent Crude trade near recent highs, with investors weighing geopolitical risks against supply normalization.
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Over the past month, Oil – US Crude has climbed about 26.1%, while Oil – Brent Crude is up roughly 24.3%, reflecting tight balances and persistent risk premiums. On a 1-day view, technicals flash a bullish bias, with Brent showing a Buy signal and US Crude also registering a Buy indication, suggesting momentum remains supportive despite potential sanction relief headlines. Investors can explore more updates, prices, and analysis across global markets at Commodities.