Venezuela’s crude exports climbed 14% in April to 1.23 million barrels per day, the highest level since 2018, supported by increased flows to the U.S., India, and Europe as state firm PDVSA taps inventories and gradually lifts output. The move adds incremental supply to a tightening market and may influence price expectations for Oil – Brent Crude and Oil – US Crude as traders weigh demand resilience against expanding production.
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Over the past month, Oil – Brent Crude has advanced about 12.87%, while Oil – US Crude has gained roughly 7.94%, reflecting ongoing geopolitical risks and OPEC+ discipline despite rising Venezuelan shipments. Daily technical indicators currently point to a Buy signal for Brent and a Strong Buy bias for WTI, suggesting near‑term bullish momentum remains intact for both benchmarks.
Investors can explore more updates, prices, and analysis across global markets at Commodities.