The Economic Times

Why are oil and gas prices down today, and will Brent, US WTI crude futures, Dutch and British gas rates drop further or rise again? Here's if oil prices will hit $110 soon

Why are oil and gas prices down today, and will Brent, US WTI crude futures, Dutch and British gas rates drop further or rise again? Oil and gas markets moved lower as traders reacted to expected US-Iran talks, warmer weather forecasts, and shifting supply risks. Brent and WTI crude reversed earlier gains while European gas fell on weaker demand. Investors now watch the Strait of Hormuz, supply disruptions, and inventory data to assess whether prices will fall further or rise again soon.