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Natural gas dips as storage rises less than expected; oil prices climb on Middle East tensions and supply concerns.

Market News
15 Oct 2026
FXEmpire
View Source
Neutral
Natural gas dips as storage rises less than expected; oil prices climb on Middle East tensions and supply concerns.

Natural gas prices fell after the EIA reported a 67 Bcf increase in storage, below the expected 76 Bcf, with stocks still below last year's levels but above the five-year average. If prices drop below $3.15, support is expected near $3.00-$3.05, while a rise above $3.30 could test resistance at $3.40-$3.45. Meanwhile, WTI oil prices rose sharply due to Middle East tensions and a larger-than-expected drop in crude inventories, with prices aiming to break above $97.00 towards $100.50-$101.00. Brent oil remained volatile as traders watch IEA's emergency oil release efforts, with key resistance near $109.50 and support around $101.50. These movements reflect ongoing geopolitical risks and supply disruptions impacting energy markets.

Natural gas and oil price forecasts provide context for Pluang's market snapshot as of Oct 16, 2026 01:21 WIB. Among 150 US stocks tradable on Pluang, 111 rose and 39 fell today. Notable movers include HPE, down 7.31% with 98% sell orders, contrasting with Macy's, which gained 6.53%, while ASE Technology fell 7.20% with 85% sell orders, illustrating varied investor sentiment amid energy market volatility.

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