Oil and Natural Gas Price Forecast: Critical Breakout Levels to Watch Amid Rising Market Volatility
Oil and gas markets face pressure from rising OPEC+ supply, weak US demand, and tariff risks, while technicals show crude consolidating near support, natural gas holding key levels, and the dollars failure at resistance adding to volatility.Oil prices dropped sharply as OPEC+ agreed to increase output by 547,000 barrels per day in September. This decision raised fresh concerns about global oversupply, especially after weak US gasoline demand data. Brent crude oil (BCO) settled at $68.76 and WTI