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Natural Gas and Oil Forecast: Brent Drops to $82.66, WTI at $77.95 – What’s Next?

By │Published On: May 8, 2024│0.3 min read│Views: 405│0 Comments on Natural Gas and Oil Forecast: Brent Drops to $82.66, WTI at $77.95 – What’s Next?│
Oil prices decreased in early Asian trading on Wednesday due to growing U.S. crude and fuel inventories and weaker demand, which signal potential challenges in the oil market.

The decline was further influenced by cautious supply expectations before an OPEC+ policy meeting. Brent crude fell to $82.66 a barrel, while West Texas Intermediate dropped to $ 77.95 a barrel.

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