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2025-08-05 18:14:34 admin

Trump Tariffs on India Impact Oil Prices: Natural Gas, WTI, and Brent Oil Forecasts Drop

Key Points:Natural gas tests new lows as demand remains moderate. WTI oil moved lower as traders bet that India would not stop buying Russian oil.Brent oil tested the $68.00 level. Natural GasNatural Gas 040825 Daily ChartNatural gas tests new lows as current demand for natural gas remains moderate.In case natural gas stays below the support at $3.00 – $3.05, it will move towards the next support level, which is located in the $2.70 – $2.75 range.WTI OilWTI Oil 040825 Daily ChartWTI oil is losin

2025-06-27 18:21:00 admin

WTI Oil Prices Attempt Recovery After 5.8 Million Barrel Crude Inventory Draw Sparks Market Rebound

Key Points:Strategic Petroleum Reserve increased from 402.3 million barrels to 402.5 million barrels. Domestic oil production grew from 13.431 million bpd to 13.435 million bpd. Oil prices try to gain upside momentum after the release of the EIA report. On June 25, 2025, EIA released its Weekly Petroleum Status Report. The report indicated that crude inventories declined by -5.8 million barrels from the previous week, compared to analyst consensus of -0.75 million. At current levels, crude inven