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CommoditiesMediumUpdated•Originally published 2 October 2026•Updated 2 October 2026•
1 min read

Oil Prices Rebound as Brent Targets $103.89 While Natural Gas Slips

Key Facts

1WTI crude price rebounded from the $88.54 per barrel level.
2Brent crude is targeting $103.89 amid fuel supply stress.
3Natural gas prices slipped below $2.95 as LNG demand reshapes the market outlook.

WTI crude price rebounded from the $88.54 per barrel level, according to FX Empire. Brent crude is currently targeting $103.89 amid fuel supply stress, while natural gas prices slipped below the $2.95 mark as LNG demand continues to reshape the market outlook.

Oil prices are demonstrating technical strength by breaking through key resistance levels, with WTI recovering from recent lows and Brent maintaining upward momentum. Conversely, natural gas remains under pressure due to shifting demand dynamics, highlighting a divergence in energy market performance amid ongoing supply-side concerns.

Latest Updates · 1

  1. Notable·

    Update: Natural gas prices fell 0.3% after the EIA reported that U.S. natural gas production reached a record high in July 2026. This surge in supply reinforces the selling pressure that recently pushed prices below the $2.95 mark.