WTI Crude Oil futures pulled back following a reversal as global oversupply concerns and a weakening demand outlook weighed on the market. Production restoration in Iraq and potential geopolitical de-escalation added to the bearish sentiment, while technical resistance held near $61. Despite a drop in crude inventories, unexpected builds in gasoline and distillates added pressure. Natural Gas futures stabilized on updated forecasts for milder temperatures across the U.S. and near-record production, though the sector sees long-term structural support from increasing electricity demand for AI data centers.
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