Oil prices retreated on Monday following 6% gains last week, but remained near two-week highs as geopolitical tensions grew between Western powers and major oil producers Russia and Iran, raising risks of supply disruption.

Wednesday closed down -0.05 (-0.07%), and January RBOB gasoline (RBF25) closed down -0.0201 (-1.03%). Crude oil and gasoline prices Wednesday settled lower, with gasoline posting a 1-week low. Crude oil was under pressure Wednesday from an easing of geopolitical risks in the Middle East after Israel and Hezbollah

Oil prices climbed Thursday, with U.S. and global benchmark crude settling at their highest levels in nearly two weeks, as traders monitored reports from Ukraine claiming Russia had launched an intercontinental ballistic missile.

Natural Gas (NG) is trading at $3.41, down 0.47% on the day, with the price hovering around a crucial pivot level. This level is acting as a potential support, keeping sellers cautious. The $3.41 pivot point aligns closely with the 50-day EMA, currently at $3.27, reinforcing this area as a critical zone for price stability.

Oil prices climbed about 1% on Friday, settling at a two-week high, as the intensifying war in Ukraine this week boosted the market's geopolitical risk premium.