Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As Crude Inventories Drop

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.

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