Venezuela has restarted exports of diluted crude oil after a roughly 15‑month halt, according to a PDVSA document, reintroducing a key Orinoco Belt blend to global markets that is favored by complex refiners. The move could incrementally lift medium‑heavy supply and influence benchmarks such as Oil – Brent Crude and Oil – US Crude, particularly if volumes scale up and sanctions dynamics remain stable.
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Over the past month, Oil – Brent Crude has climbed about 24.3%, reflecting tight supply expectations and geopolitical risk, while Oil – US Crude has advanced roughly 26.1% on similar themes and resilient demand. Both contracts currently show a 1‑day technical bias of Buy for U.S. crude and Buy for Brent, suggesting near‑term momentum remains positive despite potential incremental Venezuelan flows.
Investors can explore more updates, prices, and analysis across global markets at Commodities.