An in-depth look at the energy complex reveals WTI Crude Oil futures moving higher, pushing back towards the top end of their recent range. The June contract saw a significant 3% increase, trading around 105.25. This upward momentum is primarily driven by elevated tensions in the Middle East, specifically concerning the Strait of Hormuz, which has sparked broad buying pressure across the crude space. While prices remain below the 113 close seen in early April, the $100-plus level is firmly maintained. Additionally, Natural Gas futures are experiencing a rebound, trading 3% higher and marking a third consecutive session of gains after hitting a 20-month low last week.
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