Upbeat sentiment boosts oil prices

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.

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.