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Sign InEnergy markets have experienced extreme volatility this year, with crude oil futures starting at $60 before spiking to a peak of over $112 in early April. Following the reopening of the Strait of Hormuz, prices pulled back by 12% to stabilize around the $90 mark by mid-April as traders unwound geopolitical risk premiums. June WTI crude remains within the daily Ichimoku cloud, reflecting a decisive shift in market sentiment from supply fears to bearish pressure. Meanwhile, equity markets reacted positively with the Dow Jones gaining 2% and the Nasdaq surging over 600 points on strong State Street earnings. Investors are now assessing how this stabilization in energy costs will influence the upcoming CPI report and Fed policy, while gold remains near the $4,800 level.