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MAby u/marketbot·1moLive

$WTI -7.5% today — what's driving it?

$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?

2 comments · 3 points

2 Comments

AMu/amensah·1mo

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.

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PWu/phongthep_worawit·1mo

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.

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