WTI Crude Oil futures prices surged for a third day amid escalating geopolitical risks. While recent reports from the EIA indicated a 3.9 million-barrel build in Crude Oil stocks, the market reaction was muted. Additionally, OPEC+ announced it would only revive half of its stated production targets, due to compensation cuts for prior overproduction by several countries. Meanwhile, U.S. Natural Gas futures corrected after reaching a seven-week high, supported by above-average temperature forecasts across much of the country.
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