Trump's tariff threats served as an additional bearish catalyst for oil markets.
Gasoline inventories increased by 0.4 million barrels from the previous week.
Disappointing economic reports and tariff threats pushed oil markets to new lows.
Oil markets try to gain upside momentum after the recent sell-off.
W&T (WTI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Last September, I recommended going long on SM Energy due to its favorable fundamentals and correlation with WTI oil prices, resulting in a +10% rally by year-end. Currently, technical analysis sugges
Oil traders are worried about a potential slowdown of the U.S. economy.
Oil markets test weekly highs as traders stay bullish amid supply worries.
Gasoline inventories declined by 0.2 million barrels.
HOUSTON, Feb. 19, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (“W&T” or the “Company”) (NYSE: WTI) today announced the timing of its fourth quarter and full year 2024 earnings release and conf
Oil traders stay focused on supply disruptions and trade wars.
The recent attack on Kazakhstan's export route provides material support to oil markets.
Flows of oil from Kazakhstan were reduced after the attack, which was bullish for oil markets.
Oil traders focused on the weak Retail Sales report from the U.S.
Oil traders stay focused on geopolitical news and tariff policy outlook.
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