Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains 1% As Traders Focus On Weak Dollar
News Summary
This report analyzes recent price movements and forecasts for natural gas, WTI crude oil, and Brent crude oil. Natural gas saw profit-taking after its rebound, retreating from session highs, with key resistance levels around $3.05 and $3.25-$3.30. WTI oil gained about 1%, supported by a weakening dollar and positive manufacturing PMI data from China, and is eyeing resistance at $65.00-$66.50. Brent oil also moved higher, attempting to settle above the $67.50–$68.00 resistance level, with a potential path to $71.00–$71.50 if successful.
Background
Global energy markets in 2025 continue to face complex price dynamics, with geopolitical tensions, monetary policies of major economies, and global economic growth expectations all influencing crude oil and natural gas prices. The recent weakening trend of the U.S. dollar typically makes dollar-denominated commodities more attractive to buyers holding other currencies, potentially boosting demand. Concurrently, China, as one of the world's largest commodity consumers, has its manufacturing PMI data closely watched as a key indicator of global economic health and commodity demand.
In-Depth AI Insights
Is the current oil price gain a short-term fluctuation or the start of a deeper trend? - While the oil price increase appears driven by a weaker dollar and China's PMI data, its sustainability warrants deeper analysis. - Given the Trump administration's