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Oil prices dip as US-Iran ceasefire eases tensions; natural gas breaks out above $3.00.

Market News
21 May 2026
FXEmpire
View Source
Neutral
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Oil prices declined with WTI crude falling to $98.85 and Brent crude to $105.46 as the US-Iran ceasefire holds for over six weeks, reducing the war-related risk premium. The market is stabilizing with supply and demand balancing out, though geopolitical risks remain. Meanwhile, natural gas futures rose to $3.038, breaking previous highs and showing strong bullish momentum supported by healthy storage levels and easing concerns over Middle East supply disruptions. Investors await upcoming US supply reports and OPEC+ decisions for further direction.

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