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Market Impact: 0.25

Natural Gas and Oil Forecast: WTI Defends $79.50 While Brent Holds $84.75 – NatGas Eyes Higher?

NGS
Energy Markets & PricesEconomic DataMarket Technicals & Flows
Natural Gas and Oil Forecast: WTI Defends $79.50 While Brent Holds $84.75 – NatGas Eyes Higher?

U.S. crude inventories remained near minimum operating levels while refined product demand stayed firm, supporting oil prices around key technical levels (WTI holding $79.57 support and Brent defending $84.76). Natural Gas continued higher, trading in its upward channel at $2.888, signaling continued strength in energy demand/supply conditions.

Analysis

U.S. crude inventories remained near minimum operating levels while refined product demand stayed firm, supporting oil prices around key technical levels (WTI holding $79.57 support and Brent defending $84.76). Natural Gas continued higher, trading in its upward channel at $2.888, signaling continued strength in energy demand/supply conditions.

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mildly positive

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0.10

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NGS0.15