Front Month ICE Brent Crude for July delivery gained $6.88 per barrel, or 6.11% to $119.43 this week
--Largest one week net and percentage gain since the week ending April 14, 2022
--Up for two consecutive weeks
--Up $7.88 or 7.06% over the last two weeks
--Largest two week net and percentage gain since the week ending March 25, 2022
--Up four of the past five weeks
--Today it is up $2.03 or 1.73%
--Up for seven consecutive sessions
--Up $10.32 or 9.46% over the last seven sessions
--Largest seven day dollar gain since Monday, April 18, 2022
--Largest seven day percentage gain since Thursday, April 21, 2022
--Longest winning streak since Wednesday, Feb. 10, 2021, when the market rose for nine straight sessions
--Up nine of the past 11 sessions
--Today's settlement value is the fifth highest this year
--Highest settlement value since Friday, March 25, 2022
--Off 6.68% from its 52-week high of $127.98 hit Tuesday, March 8, 2022
--Up 83.23% from its 52-week low of $65.18 hit Friday, Aug. 20, 2021
--Rose 71.52% from 52 weeks ago
--Off 6.68% from its 2022 settlement high of $127.98 hit Tuesday, March 8, 2022
--Up 51.22% from its 2022 settlement low of $78.98 hit Monday, Jan. 3, 2022
--Off 18.24% from its record high of $146.08 hit Thursday, July 3, 2008
--Month-to-date it is up 9.23%
--Year-to-date it is up $41.65 or 53.55%
All prices are calculated based on the settlement price of the current front month contract.
Source: Dow Jones Market Data
(END) Dow Jones Newswires
05-27-22 1516ET