Natural Gas prices hover near key support at $2.69; bullish momentum persists above this level.
Oil prices stabilized in Asian markets as traders balanced geopolitical risks with bearish demand expectations. Despite a drop in the previous session due to potential ceasefire talks, uncertainty lingers over possible escalations affecting key oil infrastructure in the Middle East.
The U.S. Energy Information Administration also cut its 2024 global oil demand forecast, citing weak industrial growth in the U.S. and China.