Natural Gas and Oil Forecast: Market Eyes OPEC+ Output and U.S. Stockpiles

Market Overview

Oil prices edged higher in Asian trading but remain on course for a third consecutive weekly decline, pressured by ongoing geopolitical tensions and supply concerns. Market volatility intensified following new trade restrictions and sanctions impacting global crude flows.

Analysts point to persistent supply-demand headwinds, with rising U.S. stockpiles and potential increases in OPEC+ output limiting gains. Meanwhile, uncertainty surrounding global trade policies continues to dampen energy demand expectations.