Crude Slips Back Below Its 20 Day as Nat Gas Sets a New Low and Bounces

Written on 11/04/2026
Phillip Streible

Crude is sliding again, with December WTI back under its 20 day at $97.45 as physical supply loosens. December nat gas hit a new contract low at $2.84 before recovering to flat, with positioning still at a record short. Key levels and bias for both markets are inside.The index of oil up by Pashalgnatov via istock
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