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Natural gas nears $3.05 resistance; oil prices fall amid Saudi price cuts and Iran tensions.

Market News
05 Oct 2026
FXEmpire
View Source
Neutral
Natural gas nears $3.05 resistance; oil prices fall amid Saudi price cuts and Iran tensions.

Natural gas prices are testing resistance at $3.00-$3.05 and could rise to $3.20-$3.25 if they break above this level. On the downside, a drop below $3.00 could push prices toward $2.75-$2.80. Meanwhile, WTI oil prices are retreating as Saudi Aramco cuts prices for Asian buyers and geopolitical tensions rise with potential conflict in Yemen. Brent oil is also falling, testing the $100 level amid hopes for US-Iran negotiations and increased oil flow through the Strait of Hormuz. These movements reflect ongoing geopolitical risks and supply adjustments impacting energy markets.

Natural gas and oil price forecasts show natural gas testing resistance at $3.00-$3.05, with potential moves to $3.20-$3.25 if breached, while WTI and Brent oil prices are falling amid Saudi Aramco's price cuts and geopolitical tensions. For readers following US stocks on Pluang, here is the market snapshot as of Oct 06, 2026 01:21 WIB: out of 150 priced stocks, 91 rose and 59 fell. Notable movers include Bristol-Myers Squibb Co (BMY) down 4.09%, Halliburton Company (HAL) up 3.86%, and GameStop Corp. (GME) up 3.85% with strong sell activity.

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