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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As Crude Inventories Drop
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Key Points:
- Natural gas rallied towards the $2.90 level.
- WTI oil gained ground as traders focused on the EIA report.
- Brent oil climbed towards $68.00 as President Trump imposed a 50% tariff on Indian goods.
Natural Gas
Natural gas rallied as traders switched from September 2025 contract to October 2025 contract.
A move above the $2.90 level will open the way to the test of the nearest resistance at $3.00 – $3.05.
WTI Oil
WTI oil gains ground as traders react to the EIA report, which indicated that crude inventories declined by -2.4 million barrels from the previous week.
In case WTI oil settles back above the $64.00 level, it will head towards the resistance at $66.00 – $66.50.
Brent Oil
Brent oil is moving higher as Donald Trump imposed a 50% tariff on Indian goods due to the country’s purchases of Russian oil.
If Brent oil climbs above the $68.00 level, it will get to the test of the 50 MA at $68.77.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Vladimir Zernovauthor
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.
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