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Large industrial pipeline discharging wastewater in arid, rural landscape under clear blue sky.
FORECASTSAUG 12, 2026
Natural Gas and Oil Forecast: WTI, Brent Hold Bullish Breakouts as Hormuz Risk Meets U.S. Crude Build
Oil markets are weighing heightened Strait of Hormuz supply concerns against a surprise U.S. crude inventory build reported by API. WTI and Brent remain technically constructive, while natural gas holds above its breakout area as traders watch resistance near $2.81.