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Natural gas dips as EIA storage data meets expectations; oil prices rise on Middle East tensions.

Market News
01 Oct 2026
FXEmpire
View Source
Neutral
Natural gas dips as EIA storage data meets expectations; oil prices rise on Middle East tensions.

Natural gas prices fell after the EIA Weekly Natural Gas Storage report showed a 64 Bcf increase in working gas stocks, aligning with analyst expectations. Current storage is 138 Bcf below last year but 79 Bcf above the five-year average, suggesting moderate supply levels. Technically, natural gas faces support around $3.00 and resistance near $3.20. Meanwhile, oil prices surged due to geopolitical concerns following President Trump's hawkish remarks about Iran, with WTI oil testing resistance at $93 and Brent oil near $102. The situation in the Middle East is prompting discussions about releasing strategic fuel reserves in Europe, which could impact prices further.

Natural gas and oil price movements amid geopolitical tensions are notable, with Occidental Petroleum Corporation (OXY) rising 3.90% to USD 57.48 and Unity Software Inc (U) up 5.59% at USD 43.22. For readers following these market shifts, here is Pluang's market snapshot as of Oct 02, 2026 01:21 WIB: out of 150 priced US stocks tradable on Pluang, 76 rose and 73 fell today, while AMC Entertainment Holdings (AMC) declined 8.67% to USD 2.74 with a typical hold time of 87 days and Pluang order activity showing 31% Sell / 69% Buy.

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