Oil futures now in New York pre-market hours

In New York pre-market hours, oil futures now are holding $82.05, reacting to API data showing a 3.2 million barrel drawdown. That inventory drop accelerates the tightening supply narrative. "There is some concern in the market again that Russian oil could get disrupted," said Giovanni Staunovo, commodity analyst at UBS. But as long as there are no disruptions yet, the impact on prices will likely be minor, he added. Is Oil-Indexation Still Relevant for Pricing Liquefied Natural Gas? Current market depth shows oil futures now attracting new speculative funds after last week's price dip, suggesting a tactical rebound in line with Asian demand recovery patterns.