Natural Gas and Oil Forecast: Supply Disruptions Could Drive Price Spikes in 2025

Market Overview

Oil prices saw a slight recovery on Tuesday, reversing previous losses, supported by improved U.S. economic data and a less bearish market outlook. Geopolitical tensions have added uncertainty to energy markets, as analysts predict fluctuations in oil prices amid lower trading volumes during the holiday season.

While supply and demand factors in December have provided some support, any supply disruption could cause significant price spikes. Analysts also foresee a potential tightening of oil balances in 2025, with ongoing economic strength in the U.S. further supporting prices.

Energy market participants are awaiting key data, including crude oil inventories, to gauge future trends.

Natural Gas Price Forecast

Natural Gas (NG) is currently trading at $3.38, down 0.38%, as it continues to face downward pressure. The key pivot point is at $3.58, with immediate resistance looming at $3.91. On the downside, the next support is at $3.19, while $3.39 holds as immediate support.

The 50-day Exponential Moving Average (EMA) sits at $3.62, signaling a potential recovery if the price can break above the $3.58 level. However, if it fails to hold this support, a sharper downward move could materialize, with $3.19 acting as the next key support.

Traders will need to watch for a decisive move above $3.58 for a more bullish outlook or below it for potential bearish momentum.

WTI Oil Price Forecast

Crude oil (USOIL) is trading at $69.52, up by 0.01%, as it hovers near key support and resistance levels. The pivot point stands at $69.34, with immediate resistance at $70.48 and the next target around $71.46. On the downside, $68.42 is the immediate support, followed by $67.69.

The 50-day Exponential Moving Average (EMA) at $69.45, and the 200-day EMA at $69.41, suggest a consolidation phase in this price range. If USOIL breaks above $69.34, it could turn bullish, targeting higher levels.

Conversely, a drop below this pivot could trigger a sharp sell-off, with $68.42 acting as a crucial support.

Brent Oil Price Forecast

UKOIL is trading at $72.93, down by 0.03%, as it sits near critical technical levels. The pivot point is at $72.98, with immediate resistance at $73.77, followed by $74.55.

On the downside, support lies at $71.98 and $71.31. The 50-day Exponential Moving Average (EMA) at $72.90 and the 200-day EMA at $72.97 indicate consolidation around the current price range.

If UKOIL breaks above $73, it could trigger a bullish move toward the next resistance levels. However, a drop below the pivot point at $72.98 might signal a shift toward selling pressure, with potential support at $71.98.