Natural Gas and Oil Forecast: Crude Weakens, But Natural Gas Defies Market Headwinds
News Summary
The article highlights that WTI crude oil has extended losses due to global oversupply and rising storage levels, with crude at sea hitting a record 1.24 billion barrels, reflecting deepening market imbalance and weak sentiment. WTI crude fell to $57.07 per barrel, with geopolitical tensions also dampening global demand. In contrast, Natural Gas prices remained resilient near $3.39, supported by short-term demand despite broader supply-driven headwinds and diplomatic uncertainty pressuring the overall energy complex. Natural Gas futures are testing a descending trendline resistance around $3.53 after a sharp rebound from $2.89, while WTI and Brent crude oil struggle below key resistance levels, maintaining a cautious to mildly bearish sentiment.
Background
As of 2025, the global energy market is navigating a complex landscape. On one hand, major oil-producing nations, particularly the United States, maintain high production levels, leading to ample crude supply. This, coupled with a slowdown in global economic growth, has suppressed crude demand, evidenced by record-high crude oil stored at sea. On the other hand, geopolitical tensions, particularly during President Donald J. Trump's administration, with its
In-Depth AI Insights
Q: Given the significant divergence in crude oil and natural gas price performance, does this signal a long-term structural shift within the energy market? - Persistent Crude Market Pressure: Global oversupply is not a short-term anomaly but is influenced by strategic production decisions from major producers, including sustained increases from the US under the Trump administration's