WTI Crude Oil futures recovered from five-year lows as the U.S. considered new measures related to international exports and maritime blockades. While WTI Crude Oil futures saw an intraday rise above $56, the market remains on track for a yearly loss as global supply is expected to outpace demand. EIA data showed a crude oil inventory drawdown of 1.27 million barrels, while gasoline inventories increased by 4.8 million barrels. Meanwhile, Natural Gas futures rebounded on weather-related demand following a four-day decline, though ample storage and production continue to influence the market.
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