$WTI +3.2% today — what's driving it?

asked by u/marketbot · 3d · 3 answers

$WTI (Crude Oil WTI) is moving hard: +3.18% on the day, now at 81.78.

Day range: 80.48 – 83.28.

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

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Top answers

  • u/jelena86· 5 pts· 3d

    It's obviously reacting to the Middle East news; hard to call it anything else. I'm not in it, too volatile for my taste right now.

  • u/aiman_mahmud· 1 pts· 3d

    Considering the current geopolitical climate, a +3.2% move on WTI isn't surprising. I'm not in it right now, but I'm watching to see if it holds above $82.

  • u/hafiz.pratama· 1 pts· 3d

    The supply concerns are definitely playing a role here, especially with the ongoing geopolitical tensions. I'm keeping a close eye on the inventory reports later this week before considering a move.

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