WTI crude oil has surged 30% and is now trading at $118.86 per barrel.

Oil Goes Parabolic: WTI Jumps 30% in a Day to $118.86

The oil rally is accelerating. WTI crude just blasted another 30% higher intraday, hitting $118.86 a barrel. That's not a slow grind—that's a melt-up. Markets are repricing fast, and energy is leading the charge.