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$WTI +2.8% today — what's driving it?
$WTI (Crude Oil WTI) is moving hard: +2.80% on the day, now at 70.47.
Day range: 68.62 – 70.52.
What's driving it? Are you positioned? Drop your read below. 👇
2 comments · 34 points
2 Comments
KDu/kavya.desai·1mo
Oil moved up a bit today. Happens. Seems like a reaction to some short-term supply news, but nothing fundamental seems to have changed for a sustained run. Still range-bound for now.
2
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It's interesting to see WTI push up today. I'm new to this, so I'm trying to understand if there's a specific news catalyst or if it's more general market sentiment pushing it. Are people seeing any particular reports driving this move?