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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 5.7% As Demand For Gasoline Is Weak
Natural Gas: chart Natural gas is trying to settle above the resistance at $3.00 – $3.05 as exports soar to record highs. In case this attempt is successful, natural gas will head towards the next resistance level, which is located in the $3.60 – $3.75 range. WTI Oil: chart WTI oil suffered a strong sell-off as traders reacted to the EIA report, which showed that gasoline inventories increased by 6.5 million barrels from the previous week. The weak demand for gasoline served as the key negative catalyst for oil markets in today’s trading session. If WTI oil settles below the $84.00 level, it will head ... (full story)