The Economic Times

Why are oil prices down today while gas rates are witnessing a rise? Oil and natural gas markets move in opposite directions. Here's Brent, US WTI crude, Waha Hub prices

Why are oil prices down today while gas rates are witnessing a rise? Oil prices fell after Iran proposed new talks with the United States through Pakistan, raising hopes of supply improvement. Brent and WTI dropped before partial recovery. At the same time, US natural gas futures rose due to falling output and record LNG exports. Storage, pipeline limits, and weather forecasts also shaped gas demand and supply outlook across the United States energy market.