U.S. benchmark Oil – US Crude futures extended losses, with nearby WTI contracts sliding to $62.87 on Thursday, down 1.07% on the day as traders weighed a hefty supply overhang against persistent geopolitical risk. Sentiment deteriorated after EIA data showed an 8.5 million barrel surge in U.S. crude inventories, reinforcing worries that rising output and fragile demand could cap prices despite ongoing regional tensions.
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Over the past month, Oil – US Crude has gained about 2.99%, while international benchmark Oil – Brent Crude is up roughly 3.35%, suggesting that recent selling follows a modest upward trend, and both currently carry a 1-day technical bias of Buy and Buy, respectively. Natural Gas has risen about 3.51% over one month but shows a contrasting short-term signal of Sell, highlighting a divergence between recent price strength and near-term technical momentum across key energy benchmarks.
Investors can explore more updates, prices, and analysis across global markets at Commodities.