Natural Gas and Oil Forecast: OPEC+ Output and U.S. Tariffs Drive Short-Term Setup
Portfolio Pulse from
Crude oil markets are experiencing volatility due to new U.S. tariffs on Venezuelan energy exports, potential sanctions on Iranian crude, and OPEC+ output plans. Natural gas and oil prices are fluctuating amid constrained supply risks and uncertain macroeconomic conditions.
March 25, 2025 | 7:30 am
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POSITIVE IMPACT
Brent crude is trading around $72.88, showing stability within an upward channel with potential resistance at $73.68 and $74.87.
Brent crude demonstrates technical resilience with a constructive trend and supportive price action.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
WTI crude is holding steady near $69.00, maintaining a short-term bullish trend with key support levels at $68.57 and potential upside target at $70.31.
Technical indicators and current price action suggest a positive short-term outlook for WTI crude, supported by current market dynamics.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Chevron's extended deadline to wind down Venezuelan operations may delay an expected 200,000 bpd production cut, potentially affecting the company's short-term operational strategy.
The extended deadline creates uncertainty around Chevron's Venezuelan operations, potentially impacting production volumes and strategic planning.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75