WTI Crude Oil futures fall below $91 as natural gas gains.

WTI Crude Oil futures slid back below the $91 per barrel mark, retracing a portion of the previous session's 4% rally as risk premium unwinds amid optimism surrounding U.S.-Iran peace talks. While geopolitical volatility remains a primary driver, market participants are looking ahead to the delayed EIA weekly petroleum report, where consensus estimates project a 3.8 million barrel drawdown. Despite temporary flows resuming in the Strait of Hormuz, the transit corridor remains constrained under blockades, keeping structural supply tightness in focus. Meanwhile, the energy complex saw a divergence as July Natural Gas futures surged more than 3% ahead of tomorrow's EIA natural gas storage report, where a 96 billion cubic feet injection is expected.