International Energy Agency

Energy markets are caught between bearish demand signals and persistent geopolitical supply concerns around the Strait of Hormuz. WTI, Brent and natural gas remain technically fragile as key support zones come back into focus.

Oil prices remain caught between weaker demand expectations, a sharp rise in U.S. crude inventories, and persistent Middle East supply risks. Technical traders are watching $87 and $97 on WTI, while Brent needs to clear $92 to strengthen the path toward $100.

Crude oil markets remain pressured as traders weigh Middle East transit risks, limited Gulf exports and technical breakdowns in WTI and Brent. Natural gas is attempting to recover, but resistance levels and strong U.S. production continue to limit bullish momentum.

Oil markets remain caught between softer demand projections and persistent Middle East supply risks. WTI is pressing toward $80, Brent is holding above a key breakout zone, and natural gas remains trapped below resistance at $2.94.