Natural gas and oil prices stabilize as oversupply pressures rise. WTI holds $58 while traders await IEA, OPEC signals and a Fed rate cut that could shape demand outlooks.

Oil Edges Higher on Likely Technical Recovery

08:48pm, Tuesday, 09'th Dec 2025
Oil edged higher in early Asian trade on a likely technical recovery after oil futures posted back-to-back losses on Tuesday.
Crude oil collapsed Tuesday to $58.17, rejecting a major resistance confluence at the falling channel top and multiple averages while confirming last week's 50-day breakout has failed and accelerated
Oil traders also focus on Ukraine peace talks and the upcoming Fed decision.
Crude oil shows early Tuesday resilience but remains capped by technical barriers near $60 in WTI and $64 in Brent. Oversupply keeps the market pressured, making fading rallies the preferred approach
Francisco Blanch, Head of Commodities & Derivatives Research at BofA Securities, expects modest oil downside as China and OPEC stabilize prices, and remains bullish on gold amid geopolitical risk and
WTI holds support as Ukraine peace talks and Fed expectations steer trading. Oil prices forecast stays soft with sellers eyeing a break of the key retracement zone.
Oil and natural gas retreat as growing supply forecasts, weak momentum signals, and bearish technical patterns raise downside risks ahead of key EIA and OPEC+ updates.
Oil remains weak amid rising Iraqi supply and uncertain peace talks, while natural gas maintains bullish momentum.
Oil prices fell slightly in Asian trade. Investors were monitoring ongoing talks to end the Ukraine-Russia war ahead of an expected Federal Reserve rate cut this week, said UOB.
Oil prices steadied on Tuesday after slipping 2% in the previous session, as market participants kept a close eye on peace talks to end Russia's war in Ukraine and a looming decision on U.S. interest
Oil markets are losing ground as traders focus on rising supply.
U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 200 points on Monday.
Oil weakens early Monday as both WTI and Brent retreat from the 50-day EMA and downtrend resistance. With demand still lacking, rallies appear to be selling opportunities, and price action stays chopp
Crude oil slips as Ukraine talks stall and heavy resistance caps futures, pressuring the oil outlook with supply risks, Fed expectations, and weak demand.
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