Brent rose 36 cents, or 0.51%, to $71.11, WTI was at $65.59, up 38 cents, or 0.58%.

Millions of barrels of Russian oil stored on tankers at sea could still provide Indian refiners with a quick and cheap solution, provided they get the nod from New Delhi.

Brent up 6 cents at $70.83, WTI rose 4 cents to $65.67.

Deliveries of Russian crude to Chinese ports rose to 2.09 million barrels a day in the first 18 days of February, vessel-tracking data compiled by Bloomberg show. The increase — from 1.72 million barrels a day in the whole of January and 1.39 million in December — has more than offset a drop from India.

India's crude oil purchases underwent a transformative change in 2026, with significantly reduced volumes of Russian Urals and incremental growth in Middle East Gulf barrels comprising its portfolio as of January,

Hungary has announced that it will block adoption of the EU's 20th sanctions package against Russia.

Brent edged down 28 cents, or 0.4%, to $71.38, WTI lost 20 cents, or 0.3%, to $66.23.

This energy buying pledge—part of an estimated $33 billion in US goods purchases pledged by Jakarta—includes $3.5 billion for LPG, $4.5 billion for crude oil, and $7 billion for refined gasoline, according to the agreement released by the Office of the US Trade Representative on Feb. 19 in Washington.

Brent rose 23 cents or 0.34% to $67.65, WTI was up 19 cents or 0.3% at $62.52.

During a public ceremony at China’s Great Hall, Canada’s Minister of Energy and Natural Resources and his Chinese counterpart signed a renewed pact that promises greater cooperation on clean and non-renewable energy.