Oil and natural gas prices edged higher this week, supported by easing U.S. inflation and improved risk sentiment. However, the energy market faces contrasting pressures. While geopolitical tensions sustain price volatility, a forecasted supply surplus for 2025 tempers long-term price expectations.
The resumption of key pipeline operations in Europe alleviated immediate supply concerns, while money managers increased net-long U.S. crude positions, signaling renewed investor interest.