• Less confident about Iran deal.

Crude oil prices are surging on this comment made in a New York Post Podcast interview. Unfortunately it was reported a bit later by the newswires, so those who caught the interview managed to capitalise on the move (this is why the big boys invest so heavily in information. That's the biggest edge in the markets).

At this rate, we will probably erase the April's losses in a month or two...

WTI crude oil
WTI crude oil daily chart
Source: Forex Live