Natural gas and oil prices stay under pressure as oversupply, weak demand, and bearish technical signals cap rebounds across WTI, Brent, and NG markets.
Oil and natural gas prices weakened as progress on the Russia–Ukraine peace and soft Chinese data weighed on sentiment.
Oil fell, as prospects of a Russia-Ukraine peace deal boosted expectations for an end to U.S. sanctions on Russian oil companies.
Crude oil edges lower as traders eye key support levels, Venezuela supply risks, and a bearish oil outlook shaped by surplus forecasts and technical pressure.
Sara Vakhshouri, President of SVB Energy International, says OPEC has been a stabilizing force for the oil markets. She also talks about the other dynamics at play, including growing energy demand, and how that affects electricity prices.
WTI and Brent trade near multi-week lows as oversupply weighs, while geopolitical risks and technical pressure shape near-term oil and natural gas forecasts.
Oil edged higher in early Asian trading amid mixed signals.
State environmental regulators are evaluating applications from four companies to release treated Permian Basin wastewater into the Pecos River Click Here
Crude oil futures end the week near lows as oversupply, weak oil demand, and heavy production keep the oil outlook bearish heading into next week.
It would take time and billions of dollars to fix Venezuela's oil infrastructure
Crude oil remains under sustained pressure, with rallies viewed as selling opportunities amid persistent oversupply and soft demand. Both WTI and Brent show downside bias unless key resistance levels are reclaimed.
Rachel VanLandingham, Southwestern Law School Professor of Law and former JAG Officer, talks about the legality of the US seizing an oil tanker off the coast of Venezuela as well as their strikes against a Venezuelan boat in September, calling it a case for murder. She joins Joe Mathieu on 'Bloomberg: Balance of Power.