WTI Crude Oil futures posted a second consecutive higher session, rising 5.8% from the November 10 low while remaining more than 15% below the October 13 high. Trading activity reflected shifting geopolitical developments in the Middle East and their potential impact on the timeline for regional oil supplies returning to the market. Meanwhile, the delayed EIA inventory report showed commercial crude stocks increasing by 4.7 million barrels against an expected draw of 1.1 million barrels, alongside higher gasoline and distillate inventories and refinery utilization rising to 95.2%.
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