Natural Gas and Oil Forecast: WTI Defends $69.09 While Brent Holds $72.34 – NatGas Eyes Higher?

Oil markets were balanced as OPEC+ kept output discipline while non-OPEC supply (notably U.S. shale) continued rising. WTI held at $69.09, defending the EMA 50 support level, while Brent was flat at $72.34. Natural Gas traded at $3.232, supported by improving momentum.

Analysis

Oil markets were balanced as OPEC+ kept output discipline while non-OPEC supply (notably U.S. shale) continued rising. WTI held at $69.09, defending the EMA 50 support level, while Brent was flat at $72.34. Natural Gas traded at $3.232, supported by improving momentum.