Natural Gas and Oil Forecast: Will WTI $97 Support Hold or Sink to $93?

WTI crude is trading near $97/bbl and Brent around $104/bbl as geopolitical risks and supply uncertainty keep prices elevated. The setup increases upside risk for energy prices while keeping markets tethered to volatility and short-term swings likely (>1-3% intraday). Monitor supply developments and consider hedging or adjusting energy exposure given the heightened event risk.

Analysis

WTI crude is trading near $97/bbl and Brent around $104/bbl as geopolitical risks and supply uncertainty keep prices elevated. The setup increases upside risk for energy prices while keeping markets tethered to volatility and short-term swings likely (>1-3% intraday). Monitor supply developments and consider hedging or adjusting energy exposure given the heightened event risk.