Front of Nymex Futures Curve Moves Higher on Heavy Buying

摘要

Heavy buying in the front end of the Nymex curve pushed both the April and May crude oil contracts higher on Monday, but traders were at a loss to explain where the strength was coming from.The Nymex April crude contract finished up $1.55 to settle at $47.07 per barrel. More than 330,000 contracts were traded. The May contract added 34φ at $48.06, with nearly 200,000 contracts trading hands.