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Market Impact: 0.65

Crude Prices Soar as Iran War Looks to Escalate

Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & Positioning

May WTI crude is up $4.13 (+3.67%) and May RBOB gasoline is up $0.0210 (+0.63%), with crude hitting a 4-week nearest-futures high. Prices are surging on concerns the war in Iran could escalate, driving upside in energy futures and increasing market volatility and risk-off positioning.

Analysis

May WTI crude is up $4.13 (+3.67%) and May RBOB gasoline is up $0.0210 (+0.63%), with crude hitting a 4-week nearest-futures high. Prices are surging on concerns the war in Iran could escalate, driving upside in energy futures and increasing market volatility and risk-off positioning.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25