The price of WTI crude oil has exploded higher as the energy crisis goes global, plus uranium is coiled to skyrocket.

Major Bull Move About To Unfold
April 6 (King World News) – Graddhy out of Sweden:  Uranium miners did 580% in its baby bull move.

The 2nd bull move is so far 228% in the making.

And now, the chart below shows that the uranium price proxy vehicle “SPUT” has broken out and backtested vs the general stock market (SPX). A very stylish and beautiful setup indeed.  

KING WORLD NEWS NOTE: Uranium Now Coiled To Skyrocket

Also, as posted previously, the uranium ETF URA is in huge breakout-mode vs SPX, from a very symmetrical, blue, bullish 9-year inverse head & shoulders pattern.

This is big, since it means that the uranium sector will now outperform the stock market going forward.  

This glorious commodities bull market will be the greatest opportunity in your lifetime to get out of the rat race. 

As said now since called the commodities lows 6 years ago. DO NOT MISS IT!…

Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.

Energy Crisis Goes Global
Ole Hansen, Head of Commodity Strategy at SaxoBank:  May WTI trades above June Brent as the WTI prompt spread explodes higher as the energy crisis goes global:

• WTI above Brent is a timing and curve effect, not a structural inversion

• Extreme backwardation is driving record prompt premiums

• Trump rhetoric has reinforced expectations of a prolonged Hormuz disruption

• The market is pricing immediate scarcity over forward normalization

Friday’s Big Move
The move [Friday] where May WTI trades above June Brent reflects a combination of geopolitical risk, curve structure, and acute tightness in the prompt market—rather than any fundamental repricing of crude quality between the two benchmarks.

At the core is an escalating supply shock tied to the Middle East conflict and the effective closure of the Strait of Hormuz. Recent statements from President Trump have shifted expectations toward a more prolonged disruption, with no clear timeline for reopening key shipping lanes. This has lifted the risk premium across crude markets and intensified demand for immediately deliverable barrels.

The impact is most visible in the curve. Both WTI and Brent are trading in steep backwardation, with front-month contracts commanding record premiums over deferred delivery. Prompt WTI (May) has surged to a premium of around $14/b over June, while physical Brent cargoes are trading around $13.5/b above June futures – clear signs of acute near-term scarcity. At the same time, June Brent still trades at roughly an $11 premium to June WTI, underlining that the apparent inversion is largely a timing mismatch between two very tight markets.

This is key to understanding the price action. The May WTI contract is more closely aligned with spot conditions, whereas the Brent contract in focus reflects June delivery. In a market where spot and prompt barrels trade at substantial premiums due to supply disruptions and logistical constraints, this difference in timing makes WTI appear temporarily more expensive.

Backwardation at these levels signals a market willing to pay up for immediate supply, while still assuming some normalization further out the curve – whether through geopolitical easing, demand destruction, or a supply response.

Still Radically Undervalued
King World News note:  Crude oil remains tremendously undervalued on the heels of the go forward supply destruction that has already taken place. This is a true global energy crisis that is being subdued in terms of price by paper selling in the crude oil futures market. Crude oil is headed radically higher over time even though it may be a volatile ride on the journey to $200.

GREYERZ JUST RELEASED!
To listen to legend Egon von Greyerz discuss what investors all over the earth should be doing with their money as well as what to expect in the future CLICK HERE OR ON THE IMAGE BELOW.

JUST RELEASED!
To listen to Alasdair Macleod discuss what to expect next after the wild trading week in global markets CLICK HERE OR ON THE IMAGE BELOW.

ALSO RELEASED!
Greyerz – This Is All Playing Out The Way I Predicted It Would For The Past 25 Years CLICK HERE.
Major Financial Storms Are Ahead CLICK HERE.
Colombo Says Past Oil Bull Markets Bullish For Gold & Silver CLICK HERE.
Public Poured A Billion Dollars Into An UltraShort Oil Fund Ahead Of Today’s Rally! CLICK HERE.
Ing Says Gold Price Will Surge Above $6,000 CLICK HERE.
Truly Shocking Inflation Figures As Oil Sees Historic Upside Move In March CLICK HERE.
Celente Says Iran War’s Economic Fallout Is Catastrophic CLICK HERE.
Michael Oliver Issues Important Update On The Gold Market CLICK HERE.
Intensifying Scramble For Physical As Buyers Compete To Secure Immediate Supply CLICK HERE.
INFLATION WARNING: Major Shortages As Escalation Spiral Of Military Strikes Continues CLICK HERE.
James Turk Discusses The Plunge In The Gold & Silver Markets CLICK HERE.
The Gold Market Has Scary Parallels To Weimar Germany CLICK HERE.
Michael Oliver – Important Gold Update CLICK HERE.
The War Trade Is Back On CLICK HERE.
BUCKLE UP: This Will End In Total Collapse CLICK HERE.

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