Natural gas holds near $2.97 while WTI and Brent extend gains above key levels, with OPEC+ and supply risks shaping the short-term energy market outlook.
Oil and natural gas prices are stabilizing as WTI consolidates on trade and geopolitical tensions, natural gas rebounds from key support with bullish patterns, and a weakening US dollar supports the broader energy market.
Oil prices rose in early Asia trade on Tuesday as concerns about supply disruptions grew amid an escalation of the conflict between Russia and Ukraine.
Crude holds above 52-week support at 63.35 as traders await OPEC+ output signals and monitor Russian exports, U.S. inventories, and demand trends.
Crude oil gains capped by 50-day average as traders eye OPEC+ output, weak demand, and key resistance levels in a bearish near-term oil outlook.
Anas Alhajji, Managing Partner at Energy Outlook Advisors, discusses the impact of President Trump's 50% tariff on India's Russian oil imports and why India's role in global oil markets is often misunderstood.
WTI crude consolidates between $62.55 and $65.12, while Brent compresses in a triangle. Natural gas eyes $3.04 resistance for bullish momentum.
Oil prices were little changed on Wednesday, after falling in the previous session, as the market awaits massive new U.S. tariffs on India, the world's third-largest crude consumer, in response to its purchases of Russian supply.
Natural gas slides in a bearish channel while WTI and Brent hold key supports as geopolitical risks and Fed easing bets fuel market volatility.
The combined company will be one of the 10 largest independent oil and gas producers in the U.S.
Oil prices edged higher on Monday after Ukraine stepped up attacks on Russia, fanning concerns Russian oil supply could be disrupted, while expectations of a cut in U.S. interest rates buoyed the outlook for global growth and fuel demand.
Bullish oil outlook builds as WTI holds above 52-week MA, supported by EIA draw and geopolitical tensions.