May WTI crude rose $2.52 to $92.20/bbl (+2.81%) and May RBOB gasoline gained 9.30 cents to $3.2150/gal (+2.98%) as prices reversed early losses and moved sharply higher. The rebound was tied to geopolitical uncertainty, with Iran yet to confirm attendance at further talks in Pakistan, supporting energy prices. The move is constructive for the energy complex and reflects near-term risk premium returning to crude and gasoline futures.
May WTI crude rose $2.52 to $92.20/bbl (+2.81%) and May RBOB gasoline gained 9.30 cents to $3.2150/gal (+2.98%) as prices reversed early losses and moved sharply higher. The rebound was tied to geopolitical uncertainty, with Iran yet to confirm attendance at further talks in Pakistan, supporting energy prices. The move is constructive for the energy complex and reflects near-term risk premium returning to crude and gasoline futures.
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mildly positive
Sentiment Score
0.35
