WTI Crude Oil futures continued a two-day rally, settling near $58.40 per barrel and marking a 6% increase over the last week. The price action was supported by increased geopolitical tensions and positive economic data. Despite the move higher, the CVOL index indicated that volatility has declined from its recent peak. Commitment of Traders data through December 9 showed speculators added slightly to net long positions, though overall market positioning remains near a 15-year low.