WTI Crude Oil futures traded higher for a second consecutive session, reaching their highest level in a month at $59.25. The upward price action was driven by larger than expected inventory draws in the U.S. and strong economic data, including higher than anticipated GDP and robust consumer confidence. While the market has priced in potential supply increases from Venezuela, shifting sentiment regarding demand helped lift WTI Crude Oil futures off the low end of their four-year range. Conversely, Natural Gas futures faced heavy selling pressure, dropping approximately 6% to a two-month low, highlighting significant dispersion within the energy quadrant.