Oil Futures Post Back-to-Back Gains

Group 1 - Oil futures are experiencing gains due to President Trump's comments on India's reduced purchases of Russian oil and a reported 1 million barrel drop in U.S. crude oil inventories [1] - Analysts are beginning to question the oil surplus narrative, with expectations of potential U.S.-China or U.S.-India trade deals that could boost demand for U.S. oil [2] - WTI crude oil prices increased by 2.2% to $58.50 per barrel, while Brent crude rose by 2.1% to $62.59 per barrel [2]