Advertisement
Advertisement

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

By:
Vladimir Zernov
Published: Nov 3, 2025, 18:35 GMT+00:00

Key Points:

  • Natural gas rallies, supported by cold weather forecasts.
  • WTI oil is moving higher as traders react to OPEC+ decision.
  • Brent oil attempts to settle back above the $65.00 level.
Natural Gas, WTI Oil, Brent Oil Forecasts

Natural Gas

Natural Gas 031125 Daily Chart

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 031125 Daily Chart

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 031125 Daily Chart

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.

For a look at all of today’s economic events, check out our economic calendar.

About the Author

Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.

Advertisement