$WTI +3.2% today — what's driving it?

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.

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.

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.