Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As U.S. Imposes New Iran-Related Sanctions
Portfolio Pulse from
The U.S. has imposed new sanctions targeting an independent Chinese refinery and oil transport vessels related to Iran, causing upward movement in both WTI and Brent oil prices. Natural gas, meanwhile, experienced a pullback following an EIA report showing a slight increase in working gas storage.
March 20, 2025 | 7:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
New Iran-related sanctions could support oil prices, potentially benefiting the United States Oil Fund ETF through increased market volatility and price support.
Geopolitical tensions and sanctions typically create supply uncertainty, which can drive oil prices higher. The USO ETF tracks crude oil prices, so it would likely benefit from this market dynamic.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75