WTI crude oil is holding near $63.41 on Tuesday, slipping modestly but staying above key support levels as traders balance rising Middle East tensions against questions over future supply.

The lonely laggard in a yearlong surge for commodities may be getting ready to bounce higher.

Commercial crude oil stocks were down by 9 million barrels last week. Analysts expected crude stocks to rise by 1.1 million barrels.

One of the least talked about dynamics of the global crude oil market is the role China plays in setting a floor and a ceiling for prices.

President Trump says India will stop buying sanctioned Russian oil in trade deal, but data shows shadow fleet vessels on the move evading global enforcement.

Venezuela’s oil sales are nearing $2 billion by end-February under a US-supervised agreement, as exports rebound across Asia, Europe and the US Gulf Coast. Rising VLCC shipments to India and renewed buying by global refiners signal a structural revival in trade flows.

The stoppage of the last Russian oil flows to Europe, via the Soviet-era Druzhba pipeline, has triggered a geopolitical clash that has blocked new EU sanctions on Russia and vital funding for Ukraine.

Crude oil trades near 7-month highs as US-Iran tensions sustain a $5-$6 risk premium. Analyst explains how Strait of Hormuz, Opec+ decisions, and current Brent oil prices shape oil market outlook