Natural Gas and Oil Forecast: Bearish Risks Loom as Prices Test Critical Support Zones

Market Overview

Oil prices steady in Asian trading following Saudi Aramco’s sharp price hike for March, though this barely offset Brent’s steepest decline in nearly three months. Previously, a 2% drop the previous day was driven by surging U.S. crude and gasoline inventories, signaling weaker demand, alongside concerns over new global trade measures impacting energy flows.

Prices have fallen around 10% from their 2025 highs, with analysts forecasting heightened volatility amid shifting geopolitical dynamics. While short-term gains are expected due to technical support and supply adjustments, broader economic uncertainties continue to weigh on both oil and natural gas markets.