Crude oil futures settle up 3.08% to $52.22

Up $1.56 on the day

The price of crude oil has pushed sharply today. The contract has surged up $1.56 or 3.08% to $52.22. The high reached $52.28. The low for the day came in at $50.39.

The price is trading at the highest level since April 19th. In the process, the contract has moved above the May 25th high at 52.00. The next key swing target comes in at the April 12th high at $53.76.