The U.S. Treasury has relaxed certain sanctions on Venezuela’s oil sector, issuing a general license that permits transactions with the Venezuelan government and state oil company PDVSA, following the ouster of President Nicolás Maduro earlier in January. The move is intended to facilitate increased Venezuelan crude output and diversify global supply, developments closely watched by traders in Oil – Brent Crude (CM:BZ), Oil – US Crude (CM:CL), and Natural Gas (CM:NG), as any sustained rise in Venezuelan exports could influence medium-term pricing and regional trade flows.
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Over the past month, prices for Oil – US Crude (CM:CL) have advanced about 10.82%, while Oil – Brent Crude (CM:BZ) has gained roughly 11.47%, reflecting expectations of tighter balances and possible shifts in Atlantic Basin supply chains; both currently show a 1-day technical signal of Buy and Buy, respectively, suggesting near-term bullish momentum. Natural Gas (CM:NG) has risen even more sharply, up about 24.68% over the last month, with a 1-day technical signal of Buy, indicating persistent strength that may be tied to seasonal demand and supply constraints rather than Venezuelan policy changes. Investors can explore more updates, prices, and analysis across global markets at Commodities.