# Natural Gas and Oil Forecast: Hormuz Risks Persist, Can Brent Reclaim $104?

> Tanker attacks are keeping uncertainty around Middle Eastern oil shipments elevated, while US natural gas inventories increased by 77 billion cubic feet to 3.801 trillion cubic feet. The article reports WTI near $91.44 per barrel, Brent near $99.66, and natural gas near $2.961 per MMBtu, alongside technical resistance and support levels.

- Date: 2026-11-06 · published 2026-11-06T09:08:56.955Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/83656-natural-gas-and-oil-forecast-hormuz-risks-persist-can-brent-reclaim-104
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Disruption risks to Middle Eastern shipments could support crude prices, although the article’s technical outlook remains cautious. Ample US gas storage offers a buffer as heating demand builds, limiting immediate supply tightness.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-09-24 | [Bullish forecast for oil as Brent touches $80 per barrel](https://feedsoft.ai/events/63237-bullish-forecast-for-oil-as-brent-touches-80-per-barrel.md) | +3.4% | -2.3% |
| WTI | 2026-10-01 | [Brent crude oil surges past $102 amid Hormuz tensions, US-Iran conflict](https://feedsoft.ai/events/9323-brent-crude-oil-surges-past-102-amid-hormuz-tensions-us-iran-conflict.md) | -2.3% | +8.7% |
| WTI | 2026-04-18 | [As oil prices plunge below $91 after weeks, a new Hormuz crisis emerges \| Oil and Gas News \| Al Jazeera](https://feedsoft.ai/events/8811-as-oil-prices-plunge-below-91-after-weeks-a-new-hormuz-crisis-emerges-oil-and.md) | +13.9% | +26.5% |
| WTI | 2026-10-28 | [Arab News \| Oil rises more than 1% as supply concerns persist](https://feedsoft.ai/events/17239-arab-news-oil-rises-more-than-1-as-supply-concerns-persist.md) | -2.1% | — |
| WTI | 2026-05-27 | [Canola prices are rising on forecasts of high oil prices by the end of the year.](https://feedsoft.ai/events/19358-canola-prices-are-rising-on-forecasts-of-high-oil-prices-by-the-end-of-the-year.md) | +0.7% | -16.4% |
| BRENT | 2018-09-24 | [Bullish forecast for oil as Brent touches $80 per barrel](https://feedsoft.ai/events/63237-bullish-forecast-for-oil-as-brent-touches-80-per-barrel.md) | +4.9% | +1.6% |
| BRENT | 2026-10-01 | [Brent crude oil surges past $102 amid Hormuz tensions, US-Iran conflict](https://feedsoft.ai/events/9323-brent-crude-oil-surges-past-102-amid-hormuz-tensions-us-iran-conflict.md) | +2.6% | +8.8% |
| BRENT | 2026-04-18 | [As oil prices plunge below $91 after weeks, a new Hormuz crisis emerges \| Oil and Gas News \| Al Jazeera](https://feedsoft.ai/events/8811-as-oil-prices-plunge-below-91-after-weeks-a-new-hormuz-crisis-emerges-oil-and.md) | +15.0% | +18.2% |

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/natural-gas-and-oil-forecast-hormuz-risks-persist-can-brent-reclaim-104-1642884

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.