Energy markets experienced a reduction in volatility as WTI Crude Oil futures traded lower, forming an inside day with prices stabilizing around the 96.50 level. Market participants are closely monitoring weekend negotiations regarding the Strait of Hormuz, with ceasefire discussions contributing to a wait-and-see attitude. WTI Crude Oil futures broke a five-week upward trend, closing below 100 for the week. Additionally, Natural Gas futures faced significant selling pressure, dropping to a seven-and-a-half-month low of 2.65 as broader energy quadrant weakness continued.