Crude Oil Gives Back Ground After Skyrocketing Above $100 A Barrel But Remains Sharply Higher

Crude oil surged early in the session on Monday, then gave back some gains during the trading day but remained sharply higher by the close of intraday trading. The intraday reversal underscores elevated volatility in energy markets and could affect short-term positioning for energy sector and commodity-focused portfolios.

Analysis

Crude oil surged early in the session on Monday, then gave back some gains during the trading day but remained sharply higher by the close of intraday trading. The intraday reversal underscores elevated volatility in energy markets and could affect short-term positioning for energy sector and commodity-focused portfolios.