Natural Gas and Oil Forecast: OPEC+ Policies and Market Trends Shaping 2025

Market Overview

Oil prices extended gains after a disruption in Kazakhstan’s pipeline flows, though concerns over rising global supply limited further upside. The recent attack on a key pumping station in Russia briefly heightened supply fears, reversing some bearish sentiment.

However, analysts caution that long-term price gains may be constrained as OPEC+ and Russia continue planned supply increases. Market uncertainty persists amid shifting demand expectations from China and ongoing geopolitical tensions.

Brent crude is projected to average $76 per barrel in 2025, reflecting oversupply concerns and trade policy risks that could influence broader energy markets in the coming months.

Natural Gas Price Forecast

Natural Gas (NG) is trading at $3.56, down 0.17% as bearish sentiment weighs on the market. The price is currently hovering below the key pivot point at $3.61, suggesting sellers still hold control. The 50-day EMA at $3.54 is acting as immediate support, while the 200-day EMA at $3.34 provides a deeper safety net for bulls.

A break above $3.61 could shift momentum toward $3.79 and potentially $3.95 if buying pressure strengthens. However, failure to hold above this level may lead to further declines, with $3.47 as the next key support, followed by $3.35.

WTI Oil Price Forecast

U.S. crude oil (USOIL) is trading at $71.44, down 0.01%, as prices hover near a key pivot point at $70.39. The 50-day EMA at $71.60 is offering dynamic resistance, while the 200-day EMA at $72.63 serves as a major barrier to further gains.

If oil breaks above $72.63, buyers could push the price toward the next resistance at $73.65, signaling a potential trend shift.

On the downside, immediate support is at $69.31, with a deeper floor at $68.41. A break below these levels could accelerate selling, reinforcing the broader bearish channel. Given the technical setup, traders should watch for a decisive move above $72.63 or below $70.39 to confirm market direction.

Brent Oil Price Forecast

Brent crude (UKOIL) is trading at $75.39, down 0.03%, hovering just above the pivot point at $75.03. The 50-day EMA at $75.38 is providing short-term support, while the 200-day EMA at $76.06 remains a key resistance level.

If buyers push prices above $75.99, Brent could test $77.26, signaling renewed bullish momentum. On the downside, immediate support sits at $74.03, with a deeper cushion at $72.96. A decisive break below $75.03 could shift sentiment, triggering a broader selloff.

Given current price action, traders should monitor whether Brent holds above $75.03 to maintain bullish momentum or slips below for potential downside risks.