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Natural Gas and Oil Forecast: 8.6M Barrel Draw, Hormuz Risk, Can WTI Break $98.23?

FX Empire | Oct 16, 2026 3:49 AM EDT

Natural gas and oil forecast: an 8.6M-barrel EIA crude draw and Hormuz tensions support WTI above $95.19, with $98.23 the key breakout; NG eyes $3.16.

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