Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As OPEC+ Maintains Production Plans

Natural gas futures declined as traders shifted focus to the July 2025 contract, with a potential move below $3.55 suggesting further downside towards the $3.35-$3.40 support level. Conversely, both WTI and Brent crude oil prices increased following OPEC+'s decision to maintain its current production policy, alleviating concerns about potential production increases; a break above $63.00 for WTI and $65.00 for Brent could signal further gains.

Analysis

Natural gas prices have experienced downward pressure, settling below the $3.60 level, a movement attributed to traders shifting their positions to the July 2025 contract. A further decline below $3.55 is seen as a critical trigger that could lead natural gas towards the support range of $3.35 – $3.40. Conversely, both WTI and Brent crude oil benchmarks registered gains. This upward trajectory in oil prices was a direct market reaction to OPEC+ maintaining its current production policy, which alleviated concerns about potential oversupply from the cartel. For WTI oil, a sustained move above the $63.00 level is considered necessary to build further upward momentum. Similarly, Brent oil's ability to surpass the $65.00 mark could propel it towards its next resistance zone at $67.00 – $67.50, as traders anticipate that increasing driving demand will absorb the planned production increases from OPEC+ countries.

Key Decisions for Investors

• Investors should monitor natural gas for a potential break below the $3.55 level, as this could indicate further downside towards the $3.35-$3.40 support zone.
• Consider that a sustained move above $63.00 for WTI oil and $65.00 for Brent oil could signal renewed bullish momentum, potentially offering entry points for long positions.
• Acknowledge the divergent price movements between natural gas and crude oil, reflecting differing near-term supply-demand dynamics and technical setups in these energy markets.