WTI Crude Oil futures surged on Middle East escalation.

WTI Crude Oil futures experienced a significant rally following an escalation of geopolitical tensions in the Middle East. Global energy markets are closely monitoring the potential for supply chain disruptions. Short-covering by speculators contributed to the rapid upward price movement. On the domestic front, the latest EIA inventory report showed a build of 3 million barrels in crude oil, though total stockpiles remain below the five-year average. Meanwhile, Natural Gas futures also saw upward momentum connected to the overseas developments, even as domestic U.S. production held steady and Gulf Coast export flows slightly eased. Market participants will be watching upcoming inventory reports for further direction.