WTI Crude Oil futures rally on geopolitical risk.

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.