Oil Prices Experience Dramatic Volatility Following Weekend Surge Antwerp – The global oil market experienced a period of significant fluctuation on Monday, March 4th, 2026, following a dramatic surge in prices over the weekend. Futures markets saw a rapid increase, culminating in a 31% rise in U.S. oil prices by Monday morning. The volatility began on Sunday evening, with prices initially climbing to approximately $100 per barrel, subsequently reaching $110 and nearing $120 by midnight. This rapid ascent triggered heightened trading activity within the futures markets. However, the upward momentum quickly reversed. As the markets opened on Monday, the gains were rapidly absorbed, leading to a substantial decrease in oil prices. Analysts noted this as one of the most unusual and rapid reversals observed in the history of modern commodity trading. The movement of dollars within the oil market highlighted the sensitivity of futures contracts to shifting market sentiment. The Torm Denise tanker was approaching the Antwerp oil port at the time with a substantial load of oil. This event underscores the dynamic and often unpredictable nature of global oil trading. Topics: #oil #dollars #when Post navigation The Tartu Bigbank named a new head coach Dozens of animal carcasses floating in the meadows of the Ķemeri National Park, which is a Latvian site, startle visitors