North American crude benchmarks were in focus after Obsidian Energy released its 2026 outlook, signaling continued investment in both light and heavy oil assets. The company plans capital expenditures of C$210 million at the midpoint, targeting 38 net operated wells across Peace River and Willesden Green, including C$22 million allocated to waterflood projects. The 2026 production forecast of 28,900 boe/d, weighted 55% to light oil and 45% to heavy oil, underscores stable upstream activity that could support demand fundamentals for both Oil – Brent Crude and Oil – US Crude, while broader energy market sentiment also has implications for Natural Gas pricing.
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Over the past month, Oil – US Crude has gained about 4.96%, while Oil – Brent Crude advanced roughly 5.34%, reflecting firming expectations around supply discipline and steady demand into 2026; both contracts currently show a short-term technical bias tilted toward an Buy and Buy signal, respectively. Natural Gas has posted a significantly stronger one-month move, rising around 36.60%, a reminder of the contract’s higher volatility and sensitivity to weather and storage dynamics, with its near-term technical profile likewise pointing to a Buy stance. Investors can explore more updates, prices, and analysis across global markets at Commodities.