News

Natural Gas and Oil Forecast: 9 Weeks of Ceasefire — WTI & Brent Defend Channels, NatGas Eyes $3.256?

FXEmpire · last updated

Oil, Natural Gas Markets Steady After Nine Weeks in Ceasefire

Oil traded flat on June 3, 2026, as the truce between the United States and Iran, in place for more than nine weeks, remained intact while tankers continued gradually leaving the Strait of Hormuz. With the geopolitical risk mostly eliminated, crude oil was once again moving to conventional supply and demand dynamics. Both WTI and Brent have moved toward balance, as American production nears a peak, OPEC+ is holding production steady and non-OPEC supply from Brazil, Guyana and Canada continues to ramp up.

While full restoration of Iranian and regional production is still underway, progress is being made and demand has seen a slight rebound especially in Asia. Global demand growth for 2026 will continue to be tepid, with elevated interest rates and spending restraint in the West likely to continue.

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up