
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As U.S. Navy Shoots Down Iranian Drone
U.S. Navy shot down the drone that was moving towards an aircraft carrier.

U.S. Navy shot down the drone that was moving towards an aircraft carrier.

Oil prices moved lower as geopolitical risk premium declined.

Does W&T Offshore (WTI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Oil prices surged last week as geopolitical risk linked to Iran intensified and speculative positioning adjusted, pushing the curve back into backwardation. While supply constraints and OPEC+ delivery issues continue to underpin prices, rising onshore storage and upcoming U.S. inventory data present clear downside risks should the risk premium fade.

Oil traders try to guess whether U.S. will strike Iran over the weekend.

Shares of W&T Offshore, Inc. (NYSE: WTI - Get Free Report) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $1.85 and traded as high as $2.25. W&T Offshore shares last traded at $2.2450, with a volume of 3,159,666 shares traded. Analyst

President Trump warned Iran that time was running out for nuclear deal.

Oil traders remain bullish amid U.S. – Iran tensions.

Oil traders worry that U.S. may strike Iran in the next few days.

Oil traders are waiting for next moves from the U.S.

Speculators are caught short as the ‘glut' quietly drains away. With Venezuela drawing floating barrels, the risk of an Iranian attack rising, a polar vortex hitting US supply and China and India absorbing crude, it is clear that the surplus is increasingly offshore.

With oil near $60, investors eye sub-$10 energy stocks like W&T Offshore for resilience, cash flow stability and upside if prices stabilize.

U.S. President said that an “armada” was heading to Middle East.

Sub-$10 energy plays WTI, RES and OIS offer diverse exposure as oil hovers near $60 and investors eye select opportunities.

Oil and gas prices stabilize as geopolitical tensions shape supply risks, with WTI near $60 and natural gas consolidating after a sharp breakout above $4.80.

The bearish EIA report put additional pressure on oil markets.

According to recent reports, production will be stopped for 7-10 days.

West Texas Intermediate crude oil prices fell on Wednesday as pressure from geopolitical tensions and an expected build up in U.S. crude inventories outweighed a temporary halt in output at two large fields in Kazakhstan.

Oil markets are moving higher despite trade war worries.

Oil markets are swinging between gains and losses amid rising geopolitical risks.