Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 2.5% As Traders Focus On Rising Supply

Natural Gas

Natural gas is losing ground as traders prepare to switch from November 2025 contract to December 2025 contract.

From the technical point of view, natural gas settled in a range between the support at $3.25 – $3.30 and the resistance at $3.55 – $3.60.

WTI Oil

WTI oil pulled back as traders evaluated the potential impact of sanctions on Russia’s biggest oil companies. Traders doubt that new sanctions will have a major impact on Russian oil exports.

A successful test of the support at $60.00 – $60.50 will open the way to the test of the next support level at $55.50 – $56.00.

Brent Oil

Brent oil is down by roughly 2.5% amid broad pullback in the oil markets. Traders take profits off the table after the strong rebound from recent lows.

In case Brent oil stays below the $64.50 level, it will head towards the support at $60.50 – $61.00.

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