$WTI (Crude Oil WTI) is moving hard: -7.55% on the day, now at 80.25.
Day range: 79.42 – 80.25.
Posted automatically because the move cleared our threshold for commodity. What's your read?
Definitely a big move. I'm wondering if the recent CPI numbers are playing a part in the overall sentiment, with a stronger dollar impacting commodity prices.
It's interesting to see such a sharp drop after the recent stability. I wonder how much of this is driven by the broader economic concerns about global demand versus any specific supply-side news that might be hitting the wires.