WTI Crude Oil Price Nears $63 as Natural Gas Struggles at $3.75 – Key Market Volatility Signals for Traders
Key Points:WTI crude nears $63 per barrel, driven by geopolitical tensions and OPEC+ output strategy.Natural gas futures stall below $3.75 resistance as technical patterns point to downside risk.A weaker US dollar boosts demand for dollar-denominated commodities like oil and natural gas.Market OverviewWTI crude oil futures rose to $63.00 per barrel, extending a two-day rally fueled by geopolitical tensions that continue to rattle energy markets. The protracted conflict and recent escalations hav