Houthi

Crude prices rose as expanded Houthi attacks on Saudi energy infrastructure kept geopolitical risk firmly in focus. Natural gas moved lower after a larger than expected storage injection shifted attention back to supply cushions and near term demand.

Crude prices pulled back as renewed US efforts to restart talks with Tehran tempered fears tied to Gulf attacks. Still, tighter US inventories and firm export demand kept the decline contained, while natural gas remained capped by a weak forward curve.

Crude prices eased as Qatari mediation raised hopes of de-escalation between the US and Iran, but continued Houthi attacks on Saudi targets kept supply risk elevated. WTI is holding near key support around $100.60, Brent is testing the $109.13 area, and natural gas remains under pressure after breaking below $2.68.

Natural gas futures moved lower as milder weather forecasts weighed on demand expectations. WTI and Brent oil pulled back from session highs as traders weighed reports on possible U.S.-Iran sanctions relief against ongoing Middle East supply risks.

Oil markets are balancing tentative U.S.-Iran diplomacy against continuing threats to Saudi energy infrastructure. Natural gas remains technically constructive above $3.15, while WTI and Brent face key resistance tests after recent pullbacks.

WTI crude oil is stabilizing near the $93 area after a sharp retreat from levels above $100.00, with traders weighing tentative diplomatic progress against fragile Middle East conditions. Volatility remains elevated as large market participants continue to hedge against sudden shifts in sentiment.

Oil prices are attempting to stabilize after several days of losses, with WTI trading near $96.70 and Brent near $101.80. Traders are weighing hopes for possible U.S.-Iran talks against fresh disruption risks tied to Saudi Arabia and Libya.