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Oil prices dip as traders take profits; natural gas rises on lower-than-expected storage build.

Market News
30 Jul 2026
FXEmpire
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Neutral
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Natural gas prices rose after the U.S. Energy Information Administration reported a smaller-than-expected increase in gas storage, supporting the market. Meanwhile, WTI oil prices pulled back from recent highs as traders took profits amid ongoing geopolitical tensions involving Iran and attacks on LNG vessels. Brent oil also retreated below $90 despite a weaker U.S. dollar and falling Treasury yields, with traders cautious due to regional instability. The market remains sensitive to geopolitical developments and technical resistance levels, suggesting potential volatility ahead.

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