Oil markets are moving higher as traders bet on tight supply.
W&T (WTI) reported earnings 30 days ago. What's next for the stock?
Gasoline inventories fell by 1.6 million barrels from the previous week.
Oil traders take some profits off the table ahead of the tariff announcement.
WTI crude rises to $71.60 on geopolitical tension, with bullish momentum building. Eyes on $73.11 as key resistance.
Trump's threats against Iran provided additional support to oil markets.
WTI crude nears key $70.21 resistance as bullish sentiment grows on geopolitical risks and OPEC supply uncertainty. Traders eye potential upside breakout.
Oil traders take some profits off the table ahead of the weekend.
Oil traders stay bullish and quickly buy any pullbacks.
Venezuela supply worries provide additional support to oil markets.
Gasoline inventories declined by 1.4 million barrels.
Energy infrastructure is also included in the ceasefire deal, which is bearish for oil markets.