Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As OPEC+ Boosts Production By 137,000 Bpd

Natural Gas

Natural gas tests new highs as traders react to cold weather forecasts and focus on rising LNG exports.

A successful test of the resistance at $4.25 – $4.30 will push natural gas towards the next resistance level at $4.60 – $4.65.

WTI Oil

WTI oil gains ground as traders react to OPEC+ decision to raise production by 137,000 bpd in December.

If WTI oil manages to settle above the 50 MA at $61.92, it will move towards the resistance level at $66.00 – $66.50.

Brent Oil

Brent oil climbed back above the $65.00 level as OPEC+ decided to pause production increases in the first quarter of 2026.

From the technical point of view, Brent oil needs to settle above the $65.00 level to have a chance to gain upside momentum in the near term.

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