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Natural Gas, WTI Oil, Brent Oil – Oil Gains Ground As Russia Extends Production Cuts - FX Empire

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Natural Gas, WTI Oil, Brent Oil - Oil Gains Ground As Russia Extends Production Cuts

Natural Gas, WTI Oil, Brent Oil – Oil Gains Ground As Russia Extends Production Cuts
Published: Mar 21, 2023, 17:32 UTC•1min read Natural gas found some support near the $2.15 level. Mentioned in Article Natural Gas $2.222-0.89% WTI Oil $69.195 +2.55% Brent Oil $75.075 +1.65%

Key Insights

- Natural gas markets are swinging between gains and losses as traders wait for catalysts.
- WTI oil gained ground as Russia extended its production cuts until the end of June.
- Brent oil moved towards the psychologically important $75 level.

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Natural Gas

Natural gas is trying to rebound from multi-week lows amid rising appetite for risk. However, it remains to be seen whether natural gas bulls will find positive catalysts as there are no material changes in weather forecasts.

WTI Oil

Brent Oil

Brent oil has also gained upside momentum and moved towards the $75 level. Financial markets calmed down after UBS bought Credit Suisse, which served as a bullish catalyst for oil markets.

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