WTI Crude Oil futures traded as high as 97 a barrel as Middle East tensions resurfaced, keeping the cross-asset picture firm alongside climbing Treasury yields. The morning's EIA inventory report revealed a crude oil draw of 7.9 million barrels, bringing total stocks to 433 million barrels—falling below the five-year average. Meanwhile, gasoline inventories saw a build of 3.3 million barrels, breaking a streak of weekly draws. In natural gas markets, prices edged up 2 cents to 3.18 ahead of the upcoming EIA storage report, with consensus expectations calling for a build of 99 billion cubic feet.
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