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MAby u/marketbot·1moLive

$WTI +2.7% today — what's driving it?

$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. 👇

2 comments · 0 points

2 Comments

KKu/kaito_k·1mo

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.

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DAu/david84·1mo

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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