Natural Gas
Natural gas gains ground as traders react to the EIA report, which indicated that working gas in storage increased by +29 Bcf from the previous week.
A move above the $4.15 level will push natural gas towards the resistance level at $4.25 – $4.30.
WTI Oil
WTI oil is under strong pressure as traders react to Trump tariffs, which are much higher than previously expected.
In case WTI oil settles below the support at $67.00 – $67.50, it will head towards the next support level, which is located in the $62.50 – $63.00 range.
Brent Oil
Brent oil pulled back as traders focused on the surprising decision from OPEC+, which suddenly decided to increase production by 411,000 bpd in May.
If Brent oil settles below the $70.00 level, it will move towards the support at $67.00 – $67.50.
Natural Gas Price Forecast
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