Natural Gas and Oil Forecast: Tariff Relief and OPEC Supply Shape Near-Term Bias
Portfolio Pulse from
WTI crude futures dropped to $61.30 per barrel amid global demand concerns and geopolitical uncertainties. OPEC+'s production ramp-up and potential supply glut are key market drivers. Natural gas futures are trading in a tight range near $3.484, with technical indicators suggesting bearish pressure but potential for a breakout.
April 14, 2025 | 7:00 am
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NEUTRAL IMPACT
BNO tracking Brent crude is experiencing cautious price movement, currently hovering near Fib 38.2% level at $64.87 with potential for directional shift based on market dynamics.
BNO's performance is directly tied to Brent crude prices. Current market conditions suggest a neutral stance with potential for upward movement if resistance levels are breached.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70