Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Lower On Demand Worries

Natural Gas

Natural gas settled near the $3.35 level as traders switched to June 2025 contract.

If natural gas settles above the resistance at $3.35 – $3.40, it will move towards the next resistance level at $3.60 – $3.65.

WTI Oil

WTI oil is losing ground as traders worry that the U.S. and China have not started trade negotiations.

If WTI oil stays below the $62.00 level, it will head towards the psychologically important $60.00 level.

Brent Oil

Brent oil is losing ground as traders worry that demand for oil will fall due to tariffs and U.S. – China trade war.

A move below the $65.00 level will open the way to the test of the support level at $62.00 – $62.50.

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