Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats Amid Demand Worries

Natural Gas

Natural gas is losing ground as traders focus on warmer trends in weather forecasts.

If natural gas manages to settle below the support at $3.20 – $3.25, it will move towards the next support level at $3.00 – $3.05.

WTI Oil

WTI oil pulls back as traders start to prepare for the upcoming OPEC+ meeting, which is scheduled to take place on December 5.

A successful test of the support at $67.00 – $67.50 will push WTI oil towards the next support level, which is located in the $63.50 – $64.00 range.

Brent Oil

Brent oil is moving lower as traders focus on weak Manufacturing PMI data from Europe.

A move below the support at $71.00 – $71.50 will open the way to the test of the next support level at $67.50 – $68.00.

For a look at all of today’s economic events, check out our economic calendar.