BusinessWTI Crude Oil Futures Rise Amid Middle East Tensions
WTI Crude Oil futures have rallied due to escalating geopolitical tensions in the Middle East, according to Blue Line Futures strategist Phillip Streible. Maritime attacks have increased risk premiums, while a recent EIA report shows a 3.2 million barrel drawdown in crude inventories, tightening supply. Natural Gas futures also rose due to cooler weather forecasts, higher LNG exports, and Gulf Coast storm risks.
CME Group·


