Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds After Yesterday’s Sell-Off
- Natural gas rebounds despite low demand and bearish weather forecasts.
- WTI oil moves away from session lows.
- Brent oil made an attempt to settle above $91.50.
WTI oil moved away from session lows but traders remained cautious as Treasury yields tested new highs.
From the technical point of view, WTI oil received support near the $86.00 – $87.30 area and may try to gain additional upside momentum in the upcoming trading sessions.
Brent oil has also moved higher amid a broad rebound in the oil markets.
Brent oil received support near the $90.00 level and made an attempt to settle above $91.50. A move above this level will open the way to the test of the recent highs near the $95.00 level.
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