Westgate Energy Inc. (TSXV: WGT) issued an operational update on the startup of three newly drilled Mannville Stack oil wells in the Beaverdam area of Alberta, highlighting progress in its Fall 2025 drilling program. While the company focuses on expanding light oil production and improving well performance, investors are also watching broader commodity benchmarks, including Oil – US Crude and Natural Gas, as underlying price trends and volatility in these markets continue to shape cash flow expectations and capital allocation decisions for upstream producers.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Over the past month, Oil – US Crude has advanced about 4.96%, reflecting a constructive backdrop for oil-linked revenues amid ongoing supply discipline and demand resilience. The 1-day technical stance for US crude is currently a Buy, indicating positive short-term momentum that may support further gains if macro conditions remain stable. In contrast, Natural Gas has surged roughly 36.60% over the same period, underscoring heightened sensitivity to seasonal demand and storage dynamics; its 1-day technical outlook is also a Buy, suggesting near-term strength but also signaling potential for increased volatility after such a rapid move. Investors can explore more updates, prices, and analysis across global markets at Commodities.