Front Month Nymex Crude for June delivery gained $2.74 per barrel, or 2.48% to $113.23 this week
--Up for four consecutive weeks
--Up $11.16 or 10.93% over the last four weeks
--Largest four week net and percentage gain since the week ending May 6, 2022
--Longest winning streak since the week ending Feb. 11, 2022, when the market rose for eight straight weeks
--Up five of the past six weeks
--Today it is up $1.02 or 0.91%
--Up for two consecutive sessions
--Up $3.64 or 3.32% over the last two sessions
--Largest two day dollar and percentage gain since Monday, May 16, 2022
--Up six of the past eight sessions
--Today's settlement value is the seventh highest this year
--Off 8.46% from its 52-week high of $123.70 hit Tuesday, March 8, 2022
--Up 81.69% from its 52-week low of $62.32 hit Friday, Aug. 20, 2021
--Rose 78.09% from 52 weeks ago
--Off 8.46% from its 2022 settlement high of $123.70 hit Tuesday, March 8, 2022
--Up 48.83% from its 2022 settlement low of $76.08 hit Monday, Jan. 3, 2022
--Off 22.07% from its record high of $145.29 hit Thursday, July 3, 2008
--Month-to-date it is up 8.16%
--Year-to-date it is up $38.02 or 50.55%
All prices are calculated based on the settlement price of the current front month contract.
Source: Dow Jones Market Data
(END) Dow Jones Newswires
05-20-22 1506ET