Crude oil is gaining strongly around 4% during today's session, depending on the benchmark, thanks to a significant improvement in market sentiment. The greater chance that the banking sector will not collapse means that we may avoid repeating the situation from 2007-2009. Of course we still can't say for sure that the troubles of the banking sector are over but at the moment the market seems to be entering the "idyllic" mode.OIL gains 4% today and reached its highest level since March 15. Source: xStation5
On the other hand, NATGAS plunges more than 4% as temperatures in the US are still high and consumption is low. On the other hand, gas production fell by around 4 bcfd from February peaks, but remains above 100 bcfd, which is higher compared to last year.