Natural Gas and Oil Forecast: OPEC Cuts Demand Outlook – Can WTI Clear $80?

OPEC again cut its 2026 oil demand outlook amid ongoing Middle East risks, keeping an upside bias for prices in the near term. The article flags WTI trading toward $80 and Brent targeting $87.34, alongside natural gas testing $2.94 resistance. Net takeaway: slightly risk-off demand concerns, partially offset by geopolitical support for energy prices.

Analysis

OPEC again cut its 2026 oil demand outlook amid ongoing Middle East risks, keeping an upside bias for prices in the near term. The article flags WTI trading toward $80 and Brent targeting $87.34, alongside natural gas testing $2.94 resistance. Net takeaway: slightly risk-off demand concerns, partially offset by geopolitical support for energy prices.