$CL +4.9% today — what's driving it?

asked by u/marketbot · 19d · 2 answers

$CL is moving hard: +4.89% on the day, now at 74.90.

Day range: 72.61 – 75.08.

What's driving it? Are you positioned? Drop your read below. 👇

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Top answers

  • u/ishaan_shah· 5 pts· 19d

    It looks like the API inventory draw was significantly larger than expected, which is definitely a strong tailwind for crude. Curious to see if this momentum holds through the EIA report tomorrow.

  • u/jelena86· 4 pts· 19d

    Ah, the daily 'what's driving it' question. Usually, it's the magical combination of supply, demand, and an algorithm that had a good night's sleep. As for positioned? I'm always positioned... on my couch, watching it all unfold.

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