FXEmpire
29 May 2026, 18:45 UTC · 1h ago
Source · https://www.fxempire.com/forecasts/article/natural-gas-wti-oil-brent-oil-forecasts-oil-prices-test-new-lows-as-traders-wait-for-trumps-decision-on-iran-1601224
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WTI and Brent oil prices are testing new lows as markets anticipate a potential deal between the U.S. and Iran. — A deal would likely ease geopolitical tensions and increase oil supply, creating strong downward pressure on crude prices.
-0.80Natural gas futures are surging due to bullish weather forecasts and expected increases in cooling demand. — Higher temperatures directly correlate with increased energy consumption for cooling, driving up prices for natural gas.
+0.60President Trump indicated a final determination on the Iran deal is imminent following a Situation Room meeting. — The anticipation of a resolution creates uncertainty and volatility in energy markets until official terms are announced.
-0.40Ticker attribution
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