WTI Crude Oil futures consolidated as inventories surged.

WTI Crude Oil futures prices remained stable as traders evaluated upcoming US inventory data and an oversupply outlook. US crude inventories, as reported by the EIA, showed a build of 5.2 million barrels, bringing total inventories to 421 million barrels compared to the 5-year average of 444 million barrels. Futures contract fluctuated around the release and continued to hover between $60 and $61. US Natural Gas futures closed at an eight-month high, driven by strong liquefied natural gas exports and cooler midday weather models for November, adding to the demand outlook. Thursday's inventory report is expected to show a build of 34 bcf.