Natural Gas and Oil Forecast: OPEC+ Output Plans and Inventory Surge Shape Market Outlook

Market Overview

WTI crude oil futures hovered around $72.58 per barrel as traders navigated the impact of escalating geopolitical tensions, fueling concerns over global demand. Heightened economic pressures between major economies have intensified fears of supply disruptions, while OPEC+ plans to gradually boost output from April, adding to market uncertainty.

Additionally, U.S. crude inventories surged by 5.025 million barrels last week, surpassing expectations of a 3.17 million build, signaling potential oversupply. These factors combined are creating a volatile environment for oil and natural gas markets, with traders closely monitoring global developments for further direction.