Petronet

Oil markets are balancing tighter Middle East supply risk against a weaker global demand outlook, leaving WTI and Brent in consolidation zones. Natural gas has broken key support as U.S. storage conditions and technical selling keep pressure on prices.

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.