Energy markets moved lower during Wednesday's session as WTI Crude Oil futures and Natural Gas futures responded to shifting geopolitical and fundamental data. Reports of diplomatic negotiations between the U.S. and Iran have led traders to trim risk premiums. Technically, WTI Crude Oil futures are holding between $80 support and the $100 psychological level. The EIA weekly petroleum report confirmed a substantial inventory build of 6.92 million barrels, placing total stocks above the five-year average. Meanwhile, Natural Gas futures continue to struggle with mild weather and high storage levels ahead of Thursday's storage data.
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