Natural Gas and Oil Forecast: Will Rebound Hold or Fake Out Below Resistance
Market Overview
Oil prices rebounded over 1% Tuesday after six consecutive sessions of losses, sparked by technical buying and the return of Chinese demand following a holiday pause.
Despite the bounce, both Brent and WTI remain down more than 20% since April, pressured by OPEC+’s accelerated supply hikes and rising global surplus concerns. Geopolitical tensions and trade uncertainties continue to cloud the demand outlook.
Oil prices rebounded over 1% Tuesday after six consecutive sessions of losses, sparked by technical buying and the return of Chinese demand following a holiday pause.
Despite the bounce, both Brent and WTI remain down more than 20% since April, pressured by OPEC+’s accelerated supply hikes and rising global surplus concerns. Geopolitical tensions and trade uncertainties continue to cloud the demand outlook.
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Market Overview
Oil prices rebounded over 1% Tuesday after six consecutive sessions of losses, sparked by technical buying and the return of Chinese demand following a holiday pause.
Despite the bounce, both Brent and WTI remain down more than 20% since April, pressured by OPEC+’s accelerated supply hikes and rising global surplus concerns. Geopolitical tensions and trade uncertainties continue to cloud the demand outlook.📱 Scan this QR to open paste
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