, and as the summer driving season kicks off in earnest, sparking hopes of higher consumption. On Monday at 420 p.m. ET, West Texas Intermediate WTI was trading up 2.35% at $83.46, while Brent crude was up 2.05% at $86.74.
'Hezbollah and Israel seem to be drifting closer and closer to a full-scale war that runs the risk of drawing in OPEC member Iran and its Shiite allies in Iraq, Yemen and Syria,' Bob Yawger, director of energy futures at Mizuho, said in a note, as reported by Reuters. Summer driving was likely the biggest price booster on Monday. 'The energy complex is beginning this new week in strong fashion as it continues to acquire support from ...
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