{"id":4556,"date":"2025-07-01T15:59:35","date_gmt":"2025-07-01T10:29:35","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=4556"},"modified":"2025-07-01T15:59:36","modified_gmt":"2025-07-01T10:29:36","slug":"oil-gas-market-update-opec-supply-hike-weighs-on-prices-as-outlook-weakens","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/oil-gas-market-update-opec-supply-hike-weighs-on-prices-as-outlook-weakens\/","title":{"rendered":"Oil & Gas Market Update: OPEC+ Supply Hike Weighs on Prices as Outlook Weakens"},"content":{"rendered":"\n

OPEC+ Ramps Up Output<\/strong><\/p>\n\n\n\n

Oil prices remain under pressure as traders digest OPEC+\u2019s latest move to boost supply. The group plans to increase production by 411,000 barrels per day (bpd) in August, bringing total 2025 additions to 1.78 million bpd\u2014more than 1.5% of global oil demand.<\/p>\n\n\n\n

This fresh wave of supply comes just as global trade uncertainty and slowing economic growth weigh on demand expectations.<\/p>\n\n\n\n

Brent crude briefly surged past $80 per barrel amid geopolitical tensions but has since fallen back to around $67. Morgan Stanley now forecasts Brent will slide further to $60 by early 2026, citing a likely supply surplus of 1.3 million bpd and easing geopolitical risks.<\/p>\n\n\n\n

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Natural Gas: Rangebound and Vulnerable<\/strong><\/p>\n\n\n\n

Natural gas futures are struggling to find direction, currently hovering near $3.466. Prices remain pinned below both the 50-day EMA ($3.612) and the 200-day EMA ($3.779), highlighting persistent bearish pressure.<\/p>\n\n\n\n

After failing to hold above the 0.236 Fibonacci retracement at $3.568, the market looks increasingly fragile. If support at $3.400 gives way, a further drop toward $3.301 and $3.183 could follow.<\/p>\n\n\n\n

To regain any bullish momentum, gas would need a decisive rebound above $3.574. Until then, traders should expect continued consolidation and potential downside.<\/p>\n\n\n\n

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WTI Crude Oil: Consolidation After Steep Decline<\/strong><\/p>\n\n\n\n

WTI crude remains capped below $67.08, trading in a narrow band between $64.00 and $67.00 following a sharp pullback from $77.12.<\/p>\n\n\n\n

Repeated failures to reclaim the 23.6% Fibonacci retracement level reinforce a bearish bias. Prices are also sitting under both major EMAs, further signaling weakness.<\/p>\n\n\n\n

If WTI closes below $64.00, the door opens to declines toward $63.00 and $61.80. A sustained move above $67.16 would be needed to challenge the current downtrend.<\/p>\n\n\n\n

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Brent Crude: Stuck in Tight Range with Downside Risk<\/strong><\/p>\n\n\n\n

Brent crude is locked in consolidation near $67.91 after tumbling from a recent high above $80. The price remains firmly under the 50-EMA ($70.76) and 200-EMA ($70.47), keeping selling pressure intact.<\/p>\n\n\n\n

Every bounce attempt has been capped by resistance around $69.93, showing a lack of conviction among buyers.<\/p>\n\n\n\n

The market is ranging between $66.75 and $69.90. A break below $66.75 could open the way for a deeper move toward $64.96 and $63.48. Conversely, only a decisive close above $70.00 would signal a potential recovery.<\/p>\n\n\n\n

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Outlook<\/strong><\/p>\n\n\n\n

Overall, oil and gas markets are grappling with rising OPEC+ supply, softening demand, and renewed trade tensions. Until these headwinds clear, the bias for both crude and natural gas remains tilted to the downside.<\/p>\n\n\n\n

Traders should watch for key support and resistance levels to gauge the next decisive move.<\/p>\n\n\n\n

Eqwires Research Analyst<\/a><\/strong><\/p>\n\n\n\n

Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n

Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n

info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n

Telegram <\/a>| Facebook <\/a>| Instagram<\/a><\/strong><\/p>\n\n\n\n

Call: +91 9624421555 \/ +91 9624461555<\/em><\/strong><\/p>\n\n\n\n

www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

OPEC+ Ramps Up Output Oil prices remain under pressure as traders digest OPEC+\u2019s latest move to boost supply. The group plans to increase production by 411,000 barrels per day (bpd) in August, bringing total 2025 additions to 1.78 million bpd\u2014more than 1.5% of global oil demand. This fresh wave of supply comes just as global trade uncertainty and slowing economic growth weigh on demand expectations. Brent crude briefly surged past $80 per barrel amid geopolitical … Continue reading “Oil & Gas Market Update: OPEC+ Supply Hike Weighs on Prices as Outlook Weakens”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":4557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-4556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=4556"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4556\/revisions"}],"predecessor-version":[{"id":4558,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4556\/revisions\/4558"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/4557"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=4556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=4556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=4556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}