Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Russia Curbs Export Capacity In The Black Sea

Natural Gas

Natural gas rebounds after yesterday’s pullback amid volatility in weather forecasts.

If natural gas manages to settle back above the support level at $4.00 – $4.05, it will head towards the resistance at $4.25 – $4.30.

WTI Oil

WTI oil gains ground as traders react to the EIA report, which indicated that crude inventories increased by 6.2 million barrels from the previous week.

A move above the $72.00 level will open the way to the test of the resistance level at $73.00 – $73.50.

Brent Oil

Brent oil is moving higher as traders stay bullish despite worries about tariffs. Russia halted some export capacity in the Black Sea, which served as a positive catalyst for oil markets.

If Brent oil climbs above the $75.00 level, it will move towards the resistance at $77.00 – $77.50.

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