OPEC Output Cuts and Global Trade Tensions Drive Natural Gas & Oil Price Volatility – Market Forecast
Key Points:WTI crude posts a 5% weekly drop, pressured by easing supply fears and persistent global trade frictions.Natural gas consolidates near $3.11 resistance after rebounding from $2.90, with momentum showing early recovery signs.Expectations of higher OPEC output and weaker demand outlook cap potential upside in oil and gas prices.Market OverviewOil and natural gas markets ended the week under pressure as easing supply disruption fears outweighed earlier geopolitical risk premiums. WTI cru