May WTI crude rose $4.16 (+4.61%) and May RBOB gasoline gained $0.1238 (+4.18%) as prices rallied sharply amid skepticism about a ceasefire in Iran. The surge, also tied to an Axios report, puts upside pressure on oil and refined-product prices, increases market volatility and is likely to benefit energy producers while weighing on risk assets.
May WTI crude rose $4.16 (+4.61%) and May RBOB gasoline gained $0.1238 (+4.18%) as prices rallied sharply amid skepticism about a ceasefire in Iran. The surge, also tied to an Axios report, puts upside pressure on oil and refined-product prices, increases market volatility and is likely to benefit energy producers while weighing on risk assets.
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mildly positive
Sentiment Score
0.20
