Natural Gas and Oil Forecast: WTI Pulls Back to $98.75 as Brent Stays Resilient — NatGas Eyes Breakout?

WTI has retreated to channel support at $98.75, Brent is holding above $107 with higher lows intact, and natural gas is rebounding toward $2.93-$2.94 resistance. The article says the geopolitical risk premium has largely been removed, leaving oil and gas pricing more dependent on supply-demand fundamentals and technical levels. Overall tone is neutral, with modest near-term trading relevance rather than a major fundamental catalyst.

Analysis

WTI has retreated to channel support at $98.75, Brent is holding above $107 with higher lows intact, and natural gas is rebounding toward $2.93-$2.94 resistance. The article says the geopolitical risk premium has largely been removed, leaving oil and gas pricing more dependent on supply-demand fundamentals and technical levels. Overall tone is neutral, with modest near-term trading relevance rather than a major fundamental catalyst.