Episode Details

Crude oil futures surged on the NYMEX, with the May contract closing at $94.48, up $4.16. Nearby months saw the strongest gains, reflecting robust buying interest in energy markets. June crude finished at $91.15, up $3.37, while July added nearly $3 to reach $88.00. Every month closed positive, despite gains tapering off in distant contracts. Volume dropped to 799,000 contracts, down from over 1.171 million the previous day. Open interest fell by 82,999 contracts to 2.076 million. Gasoline futures also surged, with April settling at $427.34, up $26.71. Heating oil and other energy contracts also climbed, some by more than a dollar. The session indicated bullish momentum in commodities, setting the stage for continued trader focus on supply dynamics.

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