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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Geopolitical Risk Premium Declines
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Key Points:
- Natrual gas moved lower as traders switched to January 2026 contract.
- WTI oil pulled back as traders remained focused on Russia-Ukraine peace deal negotiations.
- Brent oil made an attempt to settle below the $62.00 level.
Natural Gas
Natural gas pulls back as traders switch from December 2025 contract to January 2026 contract.
In case natural gas settles below the $4.45 level, it will head towards the support level, which is located in the $4.25 – $4.30 range.
WTI Oil
WTI oil is losing ground as traders focus on potential progress in Russia-Ukraine peace talks.
In case WTI oil stays below the $58.00 level, it will head towards the support at $55.50 – $56.00.
Brent Oil
Brent oil is losing ground amid broad pullback in the oil markets, which is driven by the decline in geopolitical premium.
A move below the $62.00 level will push Brent oil towards the nearest support at $60.50 – $61.00.
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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