# Natural Gas and Oil Forecast: Oil Rebounds From Two-Month Low, Can WTI Hold $83.99?

> Oil rebounded from a two-month low as attacks on shipping in the Strait of Hormuz weakened hopes for a truce in the Iran war. Natural gas also rose to a four-week high amid cooler forecasts, record LNG demand, and falling output; the article’s technical outlook remained bearish for WTI and conditionally bullish for natural gas.

- Date: 2026-11-11 · published 2026-11-11T06:12:18.018Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/93017-natural-gas-and-oil-forecast-oil-rebounds-from-two-month-low-can-wti-hold-83-99
- 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

Continuing attacks threaten energy shipments and support crude prices, while weather-driven demand and lower gas output tighten near-term gas availability. Higher energy costs can lift feed production and transport expenses.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-02-24 | [Canadian dollar hits two-month low as Russia invades Ukraine - The Globe and Mail](https://feedsoft.ai/events/42918-canadian-dollar-hits-two-month-low-as-russia-invades-ukraine-the-globe-and-mail.md) | +20.2% | +24.7% |
| WTI | 2019-05-18 | [Crude Oil, Natural Gas Shine, Gold’s Luster Tarnished](https://feedsoft.ai/events/59274-crude-oil-natural-gas-shine-gold-s-luster-tarnished.md) | -6.8% | -16.4% |
| WTI | 2022-06-16 | [Oil rebounds as new Iran sanctions fuel more supply concerns](https://feedsoft.ai/events/41115-oil-rebounds-as-new-iran-sanctions-fuel-more-supply-concerns.md) | -8.7% | -14.2% |
| WTI | 2020-03-31 | [Oil gains nearly 2%, but posts worst month and quarter on record](https://feedsoft.ai/events/9203-oil-gains-nearly-2-but-posts-worst-month-and-quarter-on-record.md) | +64.9% | -5.2% |
| WTI | 2018-03-09 | [Opec lowers second-quarter global oil demand forecast on Iran war](https://feedsoft.ai/events/65935-opec-lowers-second-quarter-global-oil-demand-forecast-on-iran-war.md) | +1.7% | +3.2% |
| BRENT | 2026-06-10 | [Brazilian Real Holds Near Two-Month Low](https://feedsoft.ai/events/12076-brazilian-real-holds-near-two-month-low.md) | -14.1% | -21.4% |
| BRENT | 2022-02-24 | [Canadian dollar hits two-month low as Russia invades Ukraine - The Globe and Mail](https://feedsoft.ai/events/42918-canadian-dollar-hits-two-month-low-as-russia-invades-ukraine-the-globe-and-mail.md) | +18.2% | +27.0% |
| BRENT | 2022-06-16 | [Oil rebounds as new Iran sanctions fuel more supply concerns](https://feedsoft.ai/events/41115-oil-rebounds-as-new-iran-sanctions-fuel-more-supply-concerns.md) | -6.6% | -15.1% |

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/natural-gas-and-oil-forecast-oil-rebounds-from-two-month-low-can-wti-hold-83-99-1643776

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