Right now in fast, intense volatility in the energy markets.

WTI rising nearly $120 a barrel before sliding late in the day in reports that OPEC could

suspend Russia from its production deal, the crude realities for energy and the impact

on the markets straight ahead.

Plus, bouncing off the bottom shares a Netflix rising nearly 20% since cratering earlier

this month.

We'll play a little traded or faded with the streamer and some of the other stocks that

may be flowers out there.

And later, biotech blues, the sector slumping today, getting slammed so far this year, is

this the right time to bet on biotech or are these stocks still too sick for your money?

I'm Melissa Lee.

This is fast money, life in the Nasak market site in the Hard Times Square.

On the desk tonight, Tim Seymour, Karen Feinerman, Steve Brasso, and Bono and Eisen.

We start off with that late day sell-off in oil prices, WTI crude hitting its highest

level since March 9 before pulling back sharply around 2 p.m.

But even with that move, oil was up nearly 10% in the month of May.

And six straight month of gains.

That is crude's longest winning streak since 2011.

So is there any relief in site for energy prices?

What will it mean for the markets, Tim?

I think there's some relief for energy prices, but I think you have a dynamic here where

there's very little spare capacity within OPEC.

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