Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Remains Under Pressure Amid Demand Worries

Natural Gas

Natural gas is losing ground as traders remain focused on mild weather forecasts, which indicate that demand will stay low.

A successful test of the support at $3.00 – $3.05 will open the way to the test of the next support level at $2.75 – $2.80.

WTI Oil

WTI oil is swinging between gains and losses as traders focus on comments from U.S. Treasury Secretary Bessent, who noted that the U.S. did not want to escalate the trade conflict with China.

In case WTI oil manages to settle below the $58.00 level, it will head towards the next support at $55.50 – $56.00.

Brent Oil

Brent oil is under pressure as traders remain worried that U.S. – China trade war will put pressure on demand.

If Brent oil settles below the $62.00 level, it will head towards the nearest support at $60.50 – $61.00.

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