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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Oil and natural gas prices maintained key technical support levels throughout July, driven by resilient demand and elevated refinery activity. WTI and Brent crude consistently defended higher support levels, reaching $79.57 and $84.76 respectively by July 14. Meanwhile, natural gas sustained its upward channel structure despite price fluctuations, as U.S. crude inventories remained near minimum operating levels due to firm demand for refined products.