MCX crude oil prices were trading 0.69% lower at ₹9,985 per barrel. Here’s what’s weighing on crude oil prices, along with its near-term outlook.
Energy Market
US Natural Gas Prices Fall as Winter Heating Season Nears End – Market Outlook 2026
US natural gas futures declined as traders weigh warming outlooks stretching through the end of the month, decreasing the chance for a shot of cold weather to materialize and push up demand for the heating fuel.
Crude Oil Price Forecast: JP Morgan Sees Fall to $30 Range by FY27 – Big Reasons Explained
Crude Oil Price Forecast (28-Nov-2025): In a bold prediction for energy markets, JP Morgan has projected that Brent crude could slide into the $30s by the end of FY27, driven by a deepening global supply glut that far outpaces demand growth. The investment bank’s latest outlook suggests that even as oil consumption rises steadily over the next three years, supply additions — particularly from non-OPEC+ producers — will overwhelm the market and weigh heavily on prices. If this plays out, it could prove to be a major boost for Indian markets, given the country’s heavy reliance on oil imports.