WTI Crude Oil futures rebound to $88 after 2-day decline.
WTI Crude Oil futures gained more than 2.5% to reach $88.24 as market participants assessed ongoing geopolitical developments in the Middle East alongside shifts in global supply. Saudi Arabian crude output rose above 10.5 million barrels per day in October, while commodity trading advisors continued trimming long exposure. Meanwhile, traders await the delayed government inventory data following an industry report indicating a nine million barrel crude stock increase. Natural Gas futures climbed for a fourth consecutive session to $3.34, supported by shifting weather models pointing to below-normal temperatures across eastern regions.