Oil and Gas Futures Rise: A September Surge

Oil and gasoline futures surged on the New York Mercantile Exchange, hinting at potential supply crunches and rising demand. September oil contracts jumped $4.80, while gasoline soared by 920 points, with gains extending into future months. Despite steady trading volumes, rising open interest in gasoline suggests increased speculation and potential market volatility. Will these gains impact prices at the pump, or are they a temporary fluctuation in the face of global supply uncertainties? Hosted on Acast. See acast.com/privacy for more information.