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WTI oil stays bullish above $88; natural gas eyes $3.03 after breaking resistance.

Market News
23 Jul 2026
FXEmpire
View Source
Bullish
pluang ai news

U.S. crude oil inventories rose by 2 million barrels but remain below the five-year average, supporting a bullish trend for WTI crude oil, which is trading above $88 and targeting $90.73. Strong gasoline and jet fuel demand, along with geopolitical risks affecting Gulf crude flows, sustain upward pressure on oil prices. Natural gas broke above a key resistance at $2.95, with bullish momentum aiming for $3.03 and higher levels, supported by healthy fundamentals and rising LNG export demand. Brent crude consolidates near highs, with resistance around $99.17, indicating continued strength in the oil market.

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