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

Natural Gas

Natural gas settled below the $3.60 level as traders switched to July 2025 contract.

If natural gas pulls back below $3.55, it will head towards the support at $3.35 – $3.40.

WTI Oil

WTI oil gained ground as OPEC+ kept its production policy unchanged. It looks that market worried that OPEC+ may further boost production.

The technical picture remains unchanged as WTI oil needs to settle above the $63.00 level to gain momentum in the near term.

Brent Oil

Brent oil has also moved higher as traders reacted to OPEC+ decision. Traders bet that driving demand will absorb the planned production increases from OPEC+ countries.

A move above the $65.00 level will push Brent oil towards the nearest resistance level at $67.00 – $67.50.

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