Oil Prices Rebound Amid OPEC+ Plans and FlyDubai Incident

Natural gas prices rebounded from session lows as traders focus on weather forecasts and prepare for tomorrow's EIA report, which is expected to show a +63 Bcf increase in working gas storage.

WTI oil climbed above the $90.00 level after OPEC+ announced plans to keep output targets unchanged, despite disruptions due to conflicts among members. The EIA report also showed that crude inventories increased by +0.9 million barrels last week, while gasoline inventories decreased by -1.7 million barrels.

Brent oil moved away from recent lows and settled near the $98.00 level as traders reacted to the FlyDubai incident, which was linked to a potential Iran connection.