July contract closes up $2.02 or 2.82%
The July WTI futures contract settle at $73.66 that’s up $2.02 or 2.82%. The July contract goes of the board tomorrow. The August contract settled at $73.12, up $1.83 or 2.57%.
The price traded to the highest level since October 2018 and is the new cycle high since bottoming in April 2020.
The move higher today took the price above the high from last week at $72.96.