CME : WTI Crude Oil futures dropped as production rose.

WTI Crude Oil futures declined for a second consecutive session, retreating from a 12-session high to trade back within a downward-sloping channel. Prices ranged between a high of $59.17 and a low of $58.12 as rising supply weighed on the market. EIA data showed U.S. production climbing to 13.815 million barrels per day, just shy of all-time highs, while the rig count rebounded by 5. Additionally, JOLTS job openings data pointed to ongoing labor market softness, raising concerns that a slowing domestic economy could translate into weaker energy demand.