WTI Crude Oil futures moved higher for a second session, trading around $60.17 after coming off a two-and-a-half-week low of $59.43. The slight price increase stemmed some of the recent selling pressure and was primarily driven by an overriding sentiment shift in the market, possibly due to the prospect of the US government reopening. Despite the short-term consolidation and slightly higher prices, WTI Crude Oil futures are still maintaining a downward trending pattern with a series of lower highs and lower lows from the mid-October high of $61.79. In divergence, Natural Gas futures continued to move higher, reaching a better than eight-month high at $4.37.
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