The U.S. is exploring whether its vast inventory of inactive oil and gas wells can be repurposed for geothermal power, potentially turning a costly environmental liability into a low-carbon energy source. The move could have long-term implications for global oil benchmarks such as Oil – Brent Crude and Oil – US Crude, as well as Natural Gas, by shifting expectations around future fossil fuel demand and infrastructure reuse.
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Over the past month, Brent has advanced about 11.2%, while WTI is up roughly 7.1%, reflecting tighter supply expectations and resilience in energy demand, with both showing a 1-day technical bias of Buy and Buy, respectively. Natural gas has gained about 10.5% in the same period amid volatile weather-driven demand, and its near-term technical stance remains more cautious at Hold; investors can explore more updates, prices, and analysis across global markets at Commodities.