Blue Line Futures Chief Market Strategist Phillip Streible analyzes the latest price action in WTI Crude Oil futures as escalating geopolitical tensions in the Middle East provide a bid. Streible notes that while pre-conflict flows have largely recovered, a recent uptick in maritime attacks continues to inject a risk premium into the energy complex. Meanwhile, the latest EIA report reveals a 3.2 million barrel drawdown in crude inventories, keeping the supply picture tight as refinery utilization holds steady. In Natural Gas futures, a shift toward cooler weather forecasts and increasing LNG export volumes are driving prices higher, with additional supply risks emerging from Gulf Coast storm activity.