WTI Crude Oil futures moved higher to test the $60 per barrel level, marking the highest settlement price in five weeks. Geopolitical risks and fears of supply disruptions pushed prices toward the top of the recent $55 to $60 range, closing the session near 59.50. Market volatility is also on the rise, with the CVOL index reaching its highest level in nearly six months. Despite the rally, recent data shows speculators were exiting net long positions as of last week.