A recent survey from the Federal Reserve Bank of Dallas highlights subdued sentiment in the oil and gas sector, with executives forecasting another challenging year ahead. The business activity index remained static at -6.2 in the final quarter, underscoring declining activity levels. While the company outlook index improved slightly to -15.2 from -17.6 last quarter, it still reflects lingering pessimism, exacerbated by weak oil prices. However, industry leaders are optimistic about leveraging AI technologies to improve operational efficiency. Notable assets affected include Oil – US Crude, Oil – Brent Crude, and Natural Gas.
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Over the last month, Natural Gas prices have fallen 8.62%, with a 1-day technical analysis indicating a Hold signal. Meanwhile, Oil – US Crude and Oil – Brent Crude have dropped 5.97% and 6.39%, respectively, over the same period. Both crude benchmarks registered a Sell signal in the 1-day technical analysis, hinting at potential further weaknesses. Investors can explore more updates, prices, and analysis across global markets at Commodities.