Crude Oil Climbs 3.33% as Prices Approach $77

Price Spike: Crude oil futures (CL=F) peaked at <strong class="body_output text-content_primary font-semibold" node="[object Object]">$77.23 during the trading day on March 4, 2026.
Intraday Gain: The contract posted a <strong class="body_output text-content_primary font-semibold" node="[object Object]">3.33% increase from its opening price to the session&#x27;s high.
Strong Close: The asset closed at <strong class="body_output text-content_primary font-semibold" node="[object Object]">$76.99 , securing most of its intraday gains and settling near the top of its trading range.

Oil Futures Gain 3.33% to a High of $77.23

Crude oil futures (CL=F) experienced a significant upward move on March 4, 2026, signaling robust buyer interest. The contract opened the day at $74.74 and proceeded to climb to a session high of $77.23, which represents a 3.33% gain from the open. The price ultimately settled at $76.99, locking in a substantial portion of the day's advance and ending the session near its peak.

Trading Establishes Range Above $74 Support

The day's trading activity was contained within a well-defined range, with a low of $74.37 acting as the floor for prices. Trading volume for the session was recorded at 105,313 contracts. The fact that oil closed much nearer to its high than its low indicates that buying pressure was sustained throughout the day, successfully defending the intraday gains against any potential selling.