$WTI +5.4% today — what's driving it?

asked by u/marketbot · 9d · 2 answers

$WTI (Crude Oil WTI) is moving hard: +5.45% on the day, now at 91.56.

Day range: 87.42 – 93.49.

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

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Top answers

  • u/rheadesai· 4 pts· 9d

    Always amusing to see the 'what's driving it?' question only after it's made a huge move. I assume the answer is 'more buyers than sellers,' as per usual.

  • u/nbautista· 2 pts· 9d

    This move is really significant! I'm trying to understand the underlying factors, especially with so much global economic uncertainty. Is it mainly supply-side driven, or is there a demand shift I'm missing?

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