Low oil-equivalent production and rising operating expenses hurt W&T Offshore's (WTI) earnings in Q2.
W&T Offshore (WTI) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.08 per share a year ago.
Oil markets are trying to stabilize after recent volatility.
Oil markets pulled back as traders focused on potential demand weakness.
With favorable oil prices, energy companies' upstream business scenario is likely to have benefited. Let's see how Devon (DVN), Marathon (MPC) and W&T Offshore (WTI) are placed ahead of Q2 earnings.
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The disappointing U.S. job market data triggered a strong sell-off in the oil markets.
Oil traders believe that escalation in the Middle East will not hurt oil supplies.
Traders are waiting for Iran's moves after the assassination of Hamas leader in Tehran.
Oil traders stay bearish amid worries about the health of China's economy.
W&T (WTI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WTI crude oil dips below $75.50 amid weak Chinese demand, raising questions about further potential selloff and market instability.