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Oil markets gain ground amid worries about escalation in the Middle East.
EIA upgrades 2026 Brent crude forecast to $91/bbl, up ~5% from prior estimates. Global oil stocks depleted by 400 million barrels this year due to Iran war. Middle East production shut-ins rise to 6.7 million bpd in August from 5 million bpd. Goldman Sachs warns Brent could surge above $120/bbl if disruptions persist.…
Trading News November natural gas falls 2.4% to $2.953 as near-record 115 Bcf/d production and mild weather override a global LNG crisis. $2.75 target | Th...