Natural Gas and Oil Forecast: WTI Below $92 While Brent Tests $95
Published: May 25, 2026
Key Points
- The US-Iran ceasefire has held for over seven weeks, leading to increased tanker traffic through the Strait of Hormuz.
- WTI crude oil prices fell below $92, currently at $91.94, after breaking key support levels.
- Brent crude oil is at $95.79, testing lower channel lines with a neutral-to-bearish momentum.
- Natural gas futures rose to $2.885, showing bullish continuation after breaking previous highs.
Market Overview
As of May 25, 2026, oil prices for WTI and Brent have stabilized amid a fragile U.S.-Iran truce, which has alleviated the fear premium that previously caused volatility in oil prices. The market is now focusing on supply and demand fundamentals, with U.S. production levels and OPEC+ output adjustments playing significant roles.
Despite the ceasefire, oil supply in Iran and the surrounding region has not yet returned to normal levels. Demand has shown modest recovery in Asia, but consumption in emerging markets remains cautious due to previous price spikes.
Natural Gas Market
Natural gas prices have remained stable, supported by healthy stockpiles in both the U.S. and Europe, aided by milder spring weather. The ceasefire has reduced concerns over gas shipments from the Middle East, although long-term demand for LNG in Asia and Europe remains strong.
Traders are awaiting U.S. inventory data and OPEC+ decisions, as the current supply risk is low, but the fragile nature of the truce could lead to market volatility if negotiations falter.
Technical Analysis
Natural Gas Futures
Natural gas futures have advanced to $2.885, supported by a series of bullish candles and a breakout from previous swing highs. The price is expected to face resistance at $3.008 to $3.066, with a bullish structure maintained above $2.80.
Trade Idea: Buy at $2.885, targeting $3.008 with a stop at $2.82.
WTI Crude Oil
WTI crude oil has dropped below $92, currently trading at $91.94. The price has broken through key support levels, indicating a bearish trend. The next price targets are set at $89.96 to $88.55.
Trade Idea: Sell at $91.94, targeting $89.96 with a stop at $93.00.
Brent Crude Oil
Brent crude oil is currently at $95.79, having tested the lower boundary of a rising channel. The market shows signs of weakening, with the next support level at $94.75.
Trade Idea: Sell at $95.79, targeting $94.00 with a stop at $97.54.
Conclusion
The oil and natural gas markets are currently influenced by geopolitical factors and supply-demand dynamics. Traders should remain vigilant as the situation evolves, particularly regarding the U.S.-Iran ceasefire and its implications for global energy supply.