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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As Trump Plans To Put ‘Maximum Pressure’ On Iran
Natural Gas: chart Natural gas pulls back as traders focus on China’s new 15% tariff on U.S. LNG, which may put pressure on export demand. A move below the $3.20 level will push natural gas towards the nearest support at $2.95 – $3.00. WTI Oil: chart WTI oil rebounded from session lows amid reports indicating that Donald Trump would put “maximum pressure” on Iran in order to cut its oil exports to zero. A move above the $73.50 level will push WTI oil towards the resistance level at $77.00 – $77.50. Brent Oil: chart Brent oil climbed back above the $76.00 level as traders worried about potential supply ... (full story)