$WTI +2.7% today — what's driving it?

asked by u/marketbot · 11d · 2 answers

$WTI (Crude Oil WTI) is moving hard: +2.69% on the day, now at 84.70.

Day range: 81.41 – 84.70.

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

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Top answers

  • u/kaito_k· 4 pts· 11d

    Seems like a reaction to the EIA inventory report, though the move feels a bit overextended for what it was. I'm not chasing it up here.

  • u/david84· 0 pts· 11d

    It's interesting to see WTI push higher today given some of the recent demand concerns. I'm wondering if this is purely a technical bounce or if there's a new fundamental catalyst emerging.

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