Oil rises for a second day on supply tightness concerns

Russia's Gazprom tightens squeeze on gas flow to Europe
Fed expected to hike rates 75 bps on Wednesday
Brent premium to U.S. crude hits widest in three years
Crude oil and natural gas surged. Analysts say the high temperatures have boosted demand for energy commodities such as natural gas. Russian gas exports are down + demand is up + inventories are at historic lows and gas prices will remain high in the near term.