Wti futures price moved to $78

WTI futures price moved to $78.88 as speculative longs hold positions ahead of hurricane season forecasts. Risk models are updated to reflect potential Gulf of Mexico disruptions. As I wrote in the August monthly recap, “ the U.S. natural gas futures market tends to reach seasonal highs when the injection season ends and withdrawal from stockpiles begins in November. However, the futures market tends to reflect the upcoming peak demand season in early fall .” We could see increasing volatility in NYMEX U.S. natural gas futures over the coming weeks. LNG demand from Europe could support prices as U.S. supplies replace Russian natural gas exports to the European market. Nearby natural gas futures prices were just over $3.30 per MMBtu at the end of September, but prices for January 2026 delivery settled at $4.177 per MMBtu on September 30, as the market expects rising prices over the coming weeks and months. Gold News: Will Shutdown Talks Break the Stalemate and Trigger a $4000 Gold Price Move? WTI futures price trades around $78.50 in a choppy session as geopolitical risk premiums fade. The RSI indicator reflects neutral momentum, suggesting bears may struggle to push below $77 without fresh catalysts.