Oil Rally Accelerates as Traders Price in Real Supply Disruption
May WTI crude oil surged sharply in the holiday-shortened week ending April 3, settling at $111.54, up $11.90 or +11.94%. The move was driven by a combination of geopolitical escalation, supply disruption risks, and growing concerns about global oil infrastructure security. Traders were forced to rapidly reprice risk, with volatility spiking across the energy complex as headlines intensified into the close. War Risk and Supply Shock Drive Breakout The dominant catalyst behind this week’s rally was the rapid escalation in tensions between…