Oil and Natural Gas Markets Under Pressure as China’s Demand Weakens and OPEC+ Delays Production Increase

Natural gas and oil markets are under pressure due to weakening demand from China and OPEC+ delaying production increases. WTI crude is trading around $68.59, influenced by global supply issues and Middle East geopolitical tensions. OPEC+ has postponed production hikes until December, raising worries about potential oversupply and downward pressure on prices.