WTI Crude Oil and Natural Gas futures trade lower.

July WTI Crude Oil futures saw a bounce today after touching a 3-month low, though prices remain down nearly 40% from the conflict peak as the U.S. and Iran intern peace deal is set to be signed on Friday. This deal could allow immediate oil sales from Tehran, leading ship owners to begin repositioning vessels. The market also reacted to the latest EIA report, which showed crude oil inventories tightened, drawing 8.3 million barrels last week to 418 million barrels. Meanwhile, July Natural Gas futures fell over 2.5% on market concerns over a potential tropical cyclone near Gulf Coast export terminals and cooler weather forecasts across the Midwest, as traders await tomorrow's EIA report expected to show an 80 billion cubic feet build.