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Oil supply fears ease as Saudi routes recover but Hormuz risks and tight gas markets keep prices volatile

Market News
18 Sep 2026
FXEmpire
View Source
Neutral
Oil supply fears ease as Saudi routes recover but Hormuz risks and tight gas markets keep prices volatile

Saudi Arabia has rerouted and restored oil shipments, easing short-term supply concerns despite ongoing risks from damaged infrastructure and restricted Gulf shipping, especially in the Strait of Hormuz. Global oil demand is down about 4.4 million barrels compared to last year, helping absorb Middle Eastern supply losses without major stock draws. However, natural gas markets remain tight due to low European storage and increased competition, with Europe turning to global spot markets for supplies. Technical analysis shows a moderately bearish outlook for oil prices with key support and resistance levels being tested, while natural gas prices hold key support but face bearish pressure.

The natural gas and oil market outlook is provided here with Pluang's trading data for context. Of 150 US stocks priced on Pluang, 97 rose and 52 fell today. Notable movers include JBLU at USD 4.47 with a 3.95% increase, EBAY at USD 112.90 with a 3.42% rise despite 93% sell order activity, and GAP at USD 20.84 up 3.32%. This data is as of Sep 18, 2026 11:41 WIB.

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