Yanbu

Oil prices remain supported as renewed Gulf supply concerns put Brent and WTI resistance levels back in focus. Traders are watching whether Brent can clear $110 and whether WTI can break the $104 to $106 zone to confirm another leg higher.

Natural gas remained under pressure as weather expectations pointed to soft demand in the days ahead. WTI and Brent oil also moved lower as Saudi Arabia restarted its East-West pipeline and traders weighed the implications of U.S.-Iran talks.

Oil prices extended losses as Saudi Arabia offered crude to Asian refiners through ship-to-ship transfers near Oman, easing immediate supply concerns. Still, WTI above $97 and Brent above $102 keep the near-term technical outlook constructive despite inventory pressure and regional risk.

Gold is heading into the Federal Reserve decision with traders focused less on the headline and more on the close. Silver’s rebound, rising yield pressure, and oil supply disruptions are shaping a tense setup across precious metals and commodities.