WTI Crude Oil futures fluctuated near one-month lows as optimism from the White House regarding a potential peace deal in Ukraine impacted market sentiment. This development raised the possibility of easing restrictions on Russian oil in an environment where the International Energy Agency forecasts global supply will exceed demand by a record 4 million barrels per day next year. Inventory data presented a mixed picture, with the American Petroleum Institute reporting a draw while official government data showed a build of 2.77 million barrels. Meanwhile, Natural Gas futures rebounded as cooler temperature forecasts for the eastern U.S. drove expectations for increased heating demand.