• WTI attracts some buyers amid geopolitical risks stemming from conflicts in the Middle East.
• September Fed rate cut expectations undermine the USD and further benefit the commodity.
• Worries about slugging demand in China keep a lid on further gains ahead of the Fed meeting.

West Texas Intermediate (WTI) US crude Oil prices kick off the new week on a positive note and reverse a part of Friday's heavy losses back closer to the lowest level since June 10, around the $75.75 region touched the previous day. The commodity, however, struggles to build on the momentum beyond the $77.00/barrel mark, warranting some caution before positioning for any further appreciating move. 

A rocket strike in the Israeli-occupied Golan Heights on Saturday, which killed 12 teenagers and children, raised fears about an all-out war between Israeli forces and Hezbollah in Lebanon. Furthermore, concerns that a wider conflict in the Middle East will 
disrupt global crude supply in the key producing region turn out to be a key factor driving flows towards the black liquid. Apart from this, a modest US Dollar (USD) weakness, led by bets for an imminent start of the Federal Reserve's (Fed) policy easing cycle, lends additional support to Crude Oil prices.