WTI Crude Oil Prices Rebound as Supply Concerns Drive Market Volatility – Natural Gas and Oil Forecast Update
Key Points:WTI crude rebounds to $65 after five-day slump, fueled by supply fears and a surprise 3M barrel U.S. inventory draw.Saudi Arabia hikes Asia-bound oil prices for September, signaling strong demand and tightening global supply conditions.Natural gas stalls below $3.11 as technical resistance from trendline and 100-EMA caps bullish breakout attempts.Market OverviewWTI crude rebounded to near $65 per barrel, snapping a five-day decline, as renewed geopolitical tensions reignited supply co