Oil Dips as Iran Tensions Ease; Natural Gas Rises After EIA Draw
TL;DR
Natural gas rebounds after the EIA report showing a -71 Bcf draw, with prices testing the $3.10 area and eyeing resistance around $3.25–$3.30; WTI crude slips below $60 as Iran supply-disruption fears ease following Trump’s comments, with a path toward $55.50–$56.00 if it continues lower; Brent crude also eases toward $64 as Iran risk fades, with a downside target near $62.54 if losses extend.
- Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Dives 3% As Iran Tensions Ease FXEmpire
- Oil prices extend losses as chance of US strike on Iran recedes Reuters
- Oil falls more than 4% as traders see Trump backing away from Iran strike threats CNBC
- Oil Holds Biggest Drop Since June as Iran Concerns Subside Bloomberg.com
- Oil Futures Fall As Iran Risk Premium Fades wsj.com
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