Natural Gas, WTI Oil, Brent Oil Forecasts - Oil Dives As U.S. Gasoline Stocks Rise - FX Empire

Natural Gas, WTI Oil, Brent Oil Forecasts - Oil Dives As U.S. Gasoline Stocks Rise

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives As U.S. Gasoline Stocks Rise

Published: Dec 6, 2023, 18:21 UTC•1min read

Oil traders stay focused on the weakness of oil demand.

Mentioned in Article
Natural Gas

$2.3985
-5.12%

WTI Oil

$69.594

-3.69%

Brent Oil

$74.538

-3.39%

Key Insights

- Natural gas moved below the $2.60 level due to mild weather forecasts.
- WTI oil settled below $70.00 as traders reacted to the EIA report.
- Brent oil tested new lows amid demand worries.

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Natural Gas

Natural gas tested new lows as traders remained focused on bearish weather forecasts.

If natural gas stays below the $2.60 level, it will head towards the support at $2.40 – $2.45.

WTI Oil

Brent oil tested new lows as traders remained worried about the strength of demand for oil.

A move below the $74.00 level will open the way to the test of the support at $71.75 – $73.00.

For a look at all of today’s economic events, check out our economic calendar.

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