From Dow Jones & Company:

Oil futures traded higher for the week, with varying price moves for key oil products as U.S. forces launched strikes against Iran-backed Houthi militants and tensions between Iran and Pakistan escalated. The global oil market remains well-balanced despite the risks, with some upside potential due to supply disruptions but with potential downward pressure due to economic and OPEC+ unity concerns. Natural gas futures, on the other hand, were slated to lose more than 20% for the week, due in part to a 30% year-on-year increase in U.S. demand. Nonetheless, domestic supplies of natural gas are 11% above the five-year average.



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