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Natural Gas and Oil Forecast: Saudi Attacks Keep Crude Tight as US Crude Stocks Fall Again, Can WTI Break $99.59?
FXEmpire· 2026-10-22 13:30
WTI: A Third Weekly DrawThe EIA said commercial crude stocks fell 3.06mn barrels to 412.5mn in the week to October 16, against an 820,000-barrel draw forecast in a Reuters poll. Gasoline stocks dropped 2.95mn barrels. Distillates rose 1.68mn barrels but remain 9% below the five-year average. Crude stocks at the Cushing hub increased by 987,000 barrels.Natural Gas: Warm Outlook Overrides a Thinner CushionUS gas futures slid to a four-week low on Wednesday as forecasts for mild weather through early November ...