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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As U.S. and Iran Resume Nuclear Talks

By:
Vladimir Zernov
Published: Jul 10, 2025, 18:39 GMT+00:00

Key Points:

  • Natural gas rallied as traders reacted to the EIA report.
  • WTI oil moved lower as traders focused on U.S. - Iran nuclear talks.
  • Brent oil pulled back below the $69.00 level.
Natural Gas, WTI Oil, Brent Oil Forecasts

Natural Gas

Natural Gas
Natural Gas 100725 Daily Chart

Natural gas rebounds as traders react to the EIA report, which indicated that working gas in storage increased by +53 Bcf from the previous week.

A move above the resistance at $3.35 – $3.40 will open the way to the test of the next resistance level at $3.60 – $3.65.

WTI Oil

WTI Oil
WTI Oil 100725 Daily Chart

WTI oil is losing ground as U.S. and Iran resume negotiations about Iran’s nuclear program.

In case WTI oil settles below the support at $66.00 – $66.50, it will head towards the next support level at $62.00 – $62.50.

Brent Oil

Brent Oil
Brent Oil 100725 Daily Chart

Brent oil pulled back as geopolitical risk premium declined. Currently, Brent oil is heading towards the support at $67.50 – $68.00.

A move below the $67.50 level will push Brent oil towards the next support at $63.50 – $64.00.

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

About the Author

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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