Crude Sitting at Intra-Day Highs

The markets have turned around in afternoon trade on Monday after yet another early sell-off. With the EUR/USD gaining around 0.65% to $1.2494, risk appetite has picked up some, and this is helping crude erase some of last week's steep losses. At last check, NYMEX crude futures were sitting near intra-day highs, up 1.15% to $84.19. The United States Oil Fund ETF

was last trading a little less than 1% higher at $31.73.