The Economic Times

Why are oil and gas prices up today, and will Brent, US WTI crude futures and Dutch natural gas rates continue to rise or fall again? Analysts insights, market outlook and what should investors do now

Why are oil and gas prices up today, and will Brent, US WTI crude futures and Dutch natural gas rates continue to rise or fall again? Oil and gas markets moved higher after reports about a US warship incident near the Strait of Hormuz. Brent and WTI crude futures rose about 5%. Dutch gas prices also moved up as LNG supply remained trapped. Analysts say the market now watches supply disruption risks, OPEC+ output plans, storage levels, and geopolitical developments.