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Market Impact: 0.6

Crude Prices Surge after Israel Bombs Iranian Fuel Depots

Energy Markets & PricesCommodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsDerivatives & Volatility

April WTI crude rallied intraday to a 3.75-year nearest-futures high of $119.48 before closing up $3.87 (+4.26%) at $94.77 on Monday. April RBOB gasoline gained $0.0618 (+2.25%). The move reflects strong upside pressure and intraday volatility in oil and gasoline futures, signaling meaningful sector-level implications for energy markets.

Analysis

April WTI crude rallied intraday to a 3.75-year nearest-futures high of $119.48 before closing up $3.87 (+4.26%) at $94.77 on Monday. April RBOB gasoline gained $0.0618 (+2.25%). The move reflects strong upside pressure and intraday volatility in oil and gasoline futures, signaling meaningful sector-level implications for energy markets.

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Market Sentiment

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mildly positive

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