Todd Colvin discusses recent price action in WTI Crude Oil futures, noting a recovery back above the $70 per barrel mark. This rebound comes as the market digests mixed headlines regarding Middle East peace negotiations, leaving prices somewhat range-bound without definitive directional momentum. Additionally, Colvin analyzes the latest data from the CVOL Index, pointing out a divergence where volatility decreased despite the upward movement in prices. Finally, he examines speculator behavior, highlighting a continued exit from net long positions, which now sit at their lowest levels since the onset of the Middle East conflict.