And right now on fast, the crude climb, oil booming above 120 bucks a barrel, it's now

surged 60% this year, the ripple impact on inflation in the market straight ahead,

plus summer, bummer, rising rates, taking a bite out of the builders, the pandemic-fueled

housing boom coming to an end.

Later, pouring profits, there's a brown form in surging, so you which bourbon brand is

helping fuel, who's filled bananza.

And I'm not just talking about the show, I'm Brian Sullivan from Melissa Lee, this is

Fast Money, live for the Nasdaq Market Site on your desk tonight, Dan Nathan on my left,

Guy Adami, Bono and I, and Pete Nigerian co-founder of MarketRebellion.com, all right, let's

jump right in so much to get to tonight and let's start with this, energy and interest

rates.

Two big moves, sending two major parts of the market in different directions, oil prices

climbing it again, topping 122 bucks, the highest close since that crazy day back on

March 8th.

Gas prices also rising, the national average, closing it on five bucks in California,

the average is now $6.39, think about it, you have a 20 gallon gas tank, it's $130

to fill up, and that's with normal unleaded.

These moves fueling energy stocks, Exxon and Chevron, ending all time highs, check this

out, Exxon, it's gained 300 billion in market value in just 26 months, it has really been

the year of the fossil fuel comeback.

Meantime, a different story for corporate credit, the HYG, the biggest high yield bond

ETF dropping, as bank stocks also got dumped, the big bank ETF, KBX, posting its lowest

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