Geopolitical tensions and supply concerns support energy markets. November WTI Crude Oil futures traded up over 1% to top $95 a barrel following missile and drone strikes across Saudi Arabia and increased attacks in the Strait of Hormuz. Elevated freight costs and tight global diesel supplies continue to weigh on the complex. U.S. crude stocks sit at 424.1 million barrels, slightly below the 5-year average, as traders monitor seasonal refinery maintenance. November Natural Gas futures dropped over 3% to $3.18 as producers restore output following Hurricane Isaias, while shifting weather forecasts in the Midwest may impact late-season demand. Tomorrow's EIA storage report is expected to show a build of 74 billion cubic feet.
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