Natural Gas and Oil Price Surge: How Geopolitical Tensions Drive Gains Amid Key Resistance Levels
Key Points:WTI crude gained nearly 4% this week, its first in three, fueled by rising demand and supply disruption concerns.Canadian wildfires disrupted 7% of oil output, adding temporary pressure to global supply expectations.OPEC+ may boost production by 400K+ barrels/day in August, potentially capping further price upside.Market OverviewWTI crude futures hovered near $63.06 on Friday, up nearly 4% for the week, marking their first weekly gain in three as seasonal demand and geopolitical tensi