WTI Crude Oil futures reach 19-week highs on supply risks.

Discuss August WTI Crude Oil futures hitting a 19-week high near $106.75, driven by multiple supply-side factors. Cover the ongoing closure of Saudi Arabia's East-West pipeline, which affects up to 4% of global supply as alternative routing through the Strait of Hormuz is tested. Mention the geopolitical tensions in Eastern Europe following Ukrainian drone strikes on a Russian refinery in Samara. Conclude with a look ahead at the upcoming API and EIA inventory reports that may introduce additional volatility into the energy markets as traders await clear timelines for returning pipeline barrels to the market.