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W&T Offshore, Inc.

WTINYSE

5.19

USD
-0.51
(-8.95%)
Market Closed
5.97P/E
3Forward P/E
0.30P/E to S&P500
742.969MMarket CAP
- -Div Yield
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Because the interest hikes have sent the currency markets in disarray, the strong dollar makes oil purchased outside of the US more expensive, because of currency exchange rates..ĺ Also European govts are scrambling to try and prevent a deep recession, which puts pressure on Brent crude, which lowers WTI ...

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>WTI Oil Falls 6.5% to Session-Low $78.05; Would Be Largest One-Day Decline Since July 12

^*Walter ^Bloomberg ^@DeItaone ^at ^2022-09-23 ^12:15:16 ^EDT-0400

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>WTI Oil Drops 3.4% to $80.65, Would Be Lowest Closing Price Since Jan. 10

^*Walter ^Bloomberg ^@DeItaone ^at ^2022-09-23 ^08:16:29 ^EDT-0400

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>Oils update: Oil - WTI (NOV) 83.22 -0.22% Oil - WTI (DEC) 82.76 -0.25% Oil - Brent (JAN) 87.75 -0.3% Oil - Brent (FEB) 86.41 -0.27% Gasoline 2.446 -0.07% London Gas Oil 998 -0.43% #Oil #Brent #WTI #OOTT

^IGSquawk ^@IGSquawk ^at ^2022-09-22 ^22:41:15 ^EDT-0400

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> 3 globally traded units all ran on the same algorithm.

jesus christ dude, you really need to do a better job of distinguishing between correlation and causation (hint: WTI and S&P 500 don't move in tandem with one another because of HFT)

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Probably wti cuz that’s American but idk

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Anyone know if the US government buys oil in Brent OR WTI? They said under 80$ they're looking to refill the SPR so that is gonna be a easy play

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Just my $0.02.

  1. We will see the sell off in the SPR stop after November 5th, this has been a huge part of the current downward pressure on WTI prices.
  2. Production has flatlined, while reserves continue to sink like a rock.
  3. Winter will see its usual uptick in commodity prices for energy.
  4. Ukraine war clearly is showing no signs of ending this year.
  5. Q3 earnings are going to show slam dunks for O&G companies.

All in all, I think they are a very safe space to be in for Q4 considering where the rest of the market is.

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45% of Vermillion VET oil sales are attributable to Canada alone. As sales of oil from the US reserve come to an end the increase in purchases from Canada will close the WTI / WCS differential adding about 5% to total sales dollars 💸

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Western Canadian Select 🇨🇦🛢 🚀🚀

“With the expected end of the SPR releases next month, U.S. refiners are set to boost imports of crude from Canada”

“This summer, the WCS discount has widened to $20 per barrel below WTI. Last year, the WTI-WCS price differential averaged $12.78 per”

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>*WTI Oil Erases Gains, Falls 0.1% to $83.89 Ahead of EIA Data, FOMC Decision

^*Walter ^Bloomberg ^@DeItaone ^at ^2022-09-21 ^10:03:13 ^EDT-0400

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Gas jumped at my closest station 40 cents just out of the blue. WTI didn’t change. What could be the reason? I know we had that refinery go offline but that was weeks ago. I’m in Chicago suburbs.

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If he refills the oil reserve, is that going to push a bid war and get them to sell at lower prices? Does that really impact WTI prices etc?

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Without the data it is hard to say definitively. But it could be a couple things:

  1. The refinery outage that the other person mentioned. Those issues take time to ripple through the supply chain as retail gasoline stations sell their previously bought, cheaper fuel and replace it with more expensive (that would have been priced that way because of the outage).
  2. The US market was importing a lot more gasoline than normal from Europe for a bit. If prices fell far enough that would have shut off the import flow and prices would have to rise again to send a signal that imports are still needed.
    1. https://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_epm0f_im0_mbbl_m.htm
  3. Not all crude is created equal. To make gasoline there is an optimum spec crude that you can process to get the highest yields. Refineries could have switched to a different crude slate in certain parts of the country because of something going on in the physical crude market. The price of WTI alone will not show this.
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>*WTI Oil Prices Jump 2.7% to $86.21 as Putin Issues Threats

^*Walter ^Bloomberg ^@DeItaone ^at ^2022-09-21 ^07:50:10 ^EDT-0400

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I don't know much about how gas prices are set, so I'm wondering, why now? Oil prices have been fairly stagnant for the last few weeks, but gas prices were about 30-cents lower per gallon (although rising) when WTI was last at $85, so it's not purely oil price.

Is demand that much lower in January (I know demand is generally lower in the winter months)? My understanding is that retailers just switched to the winter mix in the last week, which should make gas a bit cheaper.

Could it be something to do with the potential tropical storm entering the Caribbean?

I checked the AAA website linked in the article and looked at some states. What would cause a greater than 5-cent per gallon increase in a single day in Indiana, for example? Meanwhile prices across the South decreased.

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Have 0 clue how you came up with this conclusion. So many things wrong lol, first inflation is always happening(our target is around 2% YTD), second oil prices are a global economy(since reason why they've skyrocketed so much is russia is holding onto their oil like the last cookie). Despite the WTI being U.S oil, it's really how much the rest of the world needs it and europe is fucked so they'll suck you off for oil so they're paying extremely high due to the above.

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>Energy update: Oil - WTI (undated) 83.86 -1.65% Oil - Brent (undated) 89.64 -1.46% Natural Gas 7.979 +2.29% Heating Oil 3.3028 +0.9% Gasoline 2.4079 -0.9% London Gas Oil 982 +0.77% Carbon Emissions 7127 +0.24% #Oil #Brent #WTI #OOTT

^IGSquawk ^@IGSquawk ^at ^2022-09-20 ^11:46:46 ^EDT-0400

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I agree with you. I believe the true WTI price should be in the $100-110 range at least, if no higher

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WTI closed at 108 day of meeting

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XOM has a balance sheet, WTI does not. XOM is not the same company from 2021.

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$85 for WTI crude. That’s still high. Oil could easily be around $60/barrel without the Department of Interior literally blowing plans for domestic capacity increases to pieces.

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Oil did not average $20-30/bbl during previous admin.

​

https://www.macrotrends.net/2516/wti-crude-oil-prices-10-year-daily-chart

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>*WTI Oil Drops 2.7% to $82.84 as Weak Demand Raises Recession Worries

^*Walter ^Bloomberg ^@DeItaone ^at ^2022-09-19 ^08:12:23 ^EDT-0400

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>Oils update: Oil - WTI (NOV) 85.18 +0.55% Oil - WTI (DEC) 84.45 +0.5% Oil - Brent (JAN) 88.85 +0.42% Oil - Brent (FEB) 87.47 +0.43% Gasoline 2.3923 +0.1% London Gas Oil 946 +0.56% #Oil #Brent #WTI #OOTT

^IGSquawk ^@IGSquawk ^at ^2022-09-18 ^18:04:17 ^EDT-0400

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>U.S. WTI CRUDE FUTURES CLC1 RISE $1 TO $86.10/BBL

^*Walter ^Bloomberg ^@DeItaone ^at ^2022-09-16 ^08:02:21 ^EDT-0400

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>Oils update: Oil - WTI (NOV) 84.86 +0.14% Oil - WTI (DEC) 84.18 +0.2% Oil - Brent (JAN) 88.49 +0.34% Oil - Brent (FEB) 87.22 +0.37% Gasoline 2.4005 -0.04% London Gas Oil 945 +0.68% #Oil #Brent #WTI #OOTT

^IGSquawk ^@IGSquawk ^at ^2022-09-15 ^23:50:53 ^EDT-0400

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>Oils update: Oil - WTI (NOV) 84.93 +0.22% Oil - WTI (DEC) 84.25 +0.29% Oil - Brent (JAN) 88.55 +0.41% Oil - Brent (FEB) 87.28 +0.44% Gasoline 2.4063 +0.2% London Gas Oil 944 +0.59% #Oil #Brent #WTI #OOTT

^IGSquawk ^@IGSquawk ^at ^2022-09-15 ^21:24:11 ^EDT-0400

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The idea is that SPR is making an absolutely gigantic difference and that WTI should be $105+ right now.

Color me doubtful. What's more problematic than the SPR is the EU sanctions on Russian oil that go into effect this winter.

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# Tickers of Interest
**Gamma Max Cross**
* [TPX](https://options.hardyrekshin.com/#TPX) 10/21 27.5P for $1.20 or less
* [HBAN](https://options.hardyrekshin.com/#HBAN) 10/21 13P for $0.20 or less
* [WTI](https://options.hardyrekshin.com/#WTI) 10/21 7P for $0.50 or less
* [UNM](https://options.hardyrekshin.com/#UNM) 10/21 40P for $1.45 or less
* [ESTE](https://options.hardyrekshin.com/#ESTE) 10/21 15P for $0.90 or less
**Delta Neutral Cross**
* [ABNB](https://options.hardyrekshin.com/#ABNB) 10/21 130C for $6.15 or less
* [CZR](https://options.hardyrekshin.com/#CZR) 10/21 47C for $2.95 or less
* [UNP](https://options.hardyrekshin.com/#UNP) 10/21 220C for $6.55 or less
* [OIH](https://options.hardyrekshin.com/#OIH) 10/21 245P for $17.50 or less
* [NUE](https://options.hardyrekshin.com/#NUE) 10/21 125C for $4.70 or less
# Trading Thesis
Technical analysis and indicator based trading tend to use past price performance in order to predict important price levels today.
This analysis is based on the current option open interest. With that option open interest, it calculates portfolio-level greeks--notably Delta and Gamma. More importantly, once the portfolio level greeks are established, I can now simulate the change in greeks at different price points. From there, I can find the price levels where portfolio-level gamma is the highest, and the portfolio-level delta is close to 0.
For some tickers, the underlying price reacts strongly off of delta neutral, gamma max, and sometimes both.
It's the reaction off of these price levels in the past that is being used to drive trading signals.
The plays and target entry prices given are calculated using a binomial option pricing model that reflect the expected size and duration of the reaction from gamma max or delta neutral. A lot of these plays are profitable by underlying moves in stock. The best plays benefit from the directional move as well as the increase in IV.
# Notes
* If the price has moved past the entry price, exercise caution. Someone knows something that I don't know.
* Look to sell half your position on a double, and freeroll the rest to exit at your discretion.
* I tend to risk up to 1% of my total capital on any trades I take. If my conviction is lower, I'll only allocate 0.5% or even 0.25% of my capital to the trade, and dollar cost average in.
* The trades were calculated before market open, and so are based on information up to yesterday. Keep that in mind when deciding to enter well after the fact.
# FAQ
* These plays are mostly puts. Are you a gay bear?
* No. It so happens that the companies have had some recent run-up which implies they are overextended. These trades are primarily some form of mean-reversion either toward or away from an important price level.
* Are you entering all these plays?
* No. There have been a dearth of plays in the WSB morning talks, and so I opened up my bag of tools slightly wider to point out more plays with a probable edge to help lead apes to more gain porn. Go through this curated list of plays, pick the ones you like based on whatever additional analysis you use, and get that gain porn.

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That's partially true

Look at the disparity between WTI and Brent and you'll see how the SPR releases are affecting market price.

Also diesel is still very expensive

SPR releases end soon and we'll see what happens after the midterms

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Just curious - Why does particular WTI / HH price disclosures in CIMs create extra benefit to exit sooner than later?

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WTI just broke thru resistance

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>*WTI Oil Erases Overnight Declines, Rises 1.3% to $88.46 Ahead of Weekly EIA Repo

^*Walter ^Bloomberg ^@DeItaone ^at ^2022-09-14 ^09:35:08 ^EDT-0400

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Easy - sponsors are exiting since rates are high (so deploying capital by way of LBO becomes less attractive) and strategics are the only ones buying and generally can pay more from greater synergies they can extract from a deal.

Although this all completely depends on the industry. I work in energy, so this might be skewed due to insane WTI / HH price decks floating around CIMs and MPs these days, which makes sponsors extra thirsty to exit now (and some of them are even taking buyer equity as a portion of consideration to keep a little bit of the upside for themselves0.

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Swinging WTI calls, TSLA puts and a few spy put debit spreads

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Everything that's in a bubble...which is everything. Crude/WTI will skyrocket in price, as well.

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You said the US can't produce light sweet crude. Midland WTI, the crude grade that is currently being produced in vast quantities in the Permian basin and exported around the world, is a light sweet crude. Bakken crude, the crude grade that is currently being produced in North Dakota and delivered into tanks in Cushing, Oklahoma (the delivery point for the crude futures that set the price for all crude in the US) is a light sweet crude. Those grades of crude, along with others, are being produced as I type this. Those same grades of crude are considered light and sweet. Those links I provided show that. How dense are you?

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WTI Crude with the hulk dick candles

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>Energy update: Oil - WTI (undated) 85.9 -1.81% Oil - Brent (undated) 91.68 -1.91% Natural Gas 8.298 +0.01% Heating Oil 3.4911 -2.45% Gasoline 2.4227 -0.28% London Gas Oil 1047 -2.13% #Oil #Brent #WTI #OOTT

^IGSquawk ^@IGSquawk ^at ^2022-09-13 ^12:29:27 ^EDT-0400

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Watch WTI prices. Tempered by Biden emptying the strategic reserve. That ends in October. Economy runs on oil. Obviously higher prices = higher inflation. The band aid is about to get ripped off and it will be interesting to see what happens next.

Inflation in Europe is still picking up unlike the US because Europe didn't have an energy reserve to tap like the US government did.

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>*WTI Oil Erases Gains, Falls 0.1% to $87.62 as Dollar Strengthens After Inflation Data

^*Walter ^Bloomberg ^@DeItaone ^at ^2022-09-13 ^08:46:58 ^EDT-0400

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>Oils update: Oil - WTI (NOV) 87.62 +0.19% Oil - WTI (DEC) 87.05 +0.18% Oil - Brent (JAN) 91.86 +0.17% Oil - Brent (FEB) 90.75 +0.13% Gasoline 2.452 +0.93% London Gas Oil 1071 +0.15% #Oil #Brent #WTI #OOTT

^IGSquawk ^@IGSquawk ^at ^2022-09-12 ^20:57:42 ^EDT-0400

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>Energy update: Oil - WTI (undated) 87.68 +1.41% Oil - Brent (undated) 93.66 +1.37% Natural Gas 8.347 +4.01% Heating Oil 3.6095 +1.5% Gasoline 2.4298 +0.54% London Gas Oil 1078 +1.92% #Oil #Brent #WTI #OOTT

^IGSquawk ^@IGSquawk ^at ^2022-09-12 ^13:19:08 ^EDT-0400

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8/29 WTI $97

today $88.5

it was $82 on 9/7 and you were awfully quiet

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Got a question. So WTI Crude hit $100 in Feb 2022. If it’s still $100 in Feb 2023, doesn’t that technically come off as 0% YoY inflation on oil?

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>Oils update: Oil - WTI (NOV) 85.59 -0.83% Oil - WTI (DEC) 85 -0.85% Oil - Brent (JAN) 89.72 -0.75% Oil - Brent (FEB) 88.63 -0.77% Gasoline 2.3993 -0.72% London Gas Oil 1058 -0.06% #Oil #Brent #WTI #OOTT

^IGSquawk ^@IGSquawk ^at ^2022-09-11 ^20:38:31 ^EDT-0400

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Warning about Canadian E&Ps - yes, their cash flow machines when WTI is over ~$80/bbl. Once prices start to drop, the midstream and refining costs tend to make most individual wells negative NPV projects that end up getting shut in or abandoned once market prices in a sub-$80/bbl price environment, so buyer beware.

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Do you believe the market doesn’t know the price of oil? Checks notes WTI is $86 and Brent is over $90 what are you quoting Urals?

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Wti stock $$$$$$

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Traded ES, VIX, UST specifically and some commods like WTI/Brent. There are idiosyncrasies within each product that makes things interesting, but the general principle stays the same. Can't really say for APAC options, don't know much about them!

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invest in crudo Oil (WTI), see my predictions and invest based on it, get your money back

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invest in crudo Oil (WTI), see my predictions and invest based on it, get your money back

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Not, crude oil ora WTI oil

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It should also be mentioned that June demand numbers in the United States was one of the strongest Junes on record. Which, coincidentally, was the exact time oil started its retreat. We'll have to wait for actual July and August numbers but I'm gonna guess they didn't fall off a cliff. Right now WTI is a beach ball under water

https://mobile.twitter.com/JavierBlas/status/1565078147388919808

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Bear case

(i) Fed continues with its outsized rate hike cadence in Nov/Dec, bringing Fed Funds above 4.0% (ii) QT puts upward pressure on yields, retesting YTD high of 3.47% in 10Y (iii) CPI remains in the 8% - 9% range (iv) WTI moves back above $100, in response to either supply disruptions and/or an increase in demand from China (v) positioning remains light with increases to short leverage (vi) rates vol remains elevated as Fedspeak is hawkish and uncertainty remains over CPI direction/magnitude. (JPM market intelligence)

Shout out to some other dude who compiled this.

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Bull case

(i) Fed does its last outsized (> 25pbs) hike in September (ii) QT ramps up to its maximal caps without any increase in vol or yields (iii) CPI continues to move lower, accelerating the pace of its declines (iv) WTI remains at/below $100, but perhaps more critically does not see rapid increases (v) positioning increases as markets stabilize (vi) yields remain anchored near-term and decrease as rates vol dissipates post-Fed. (JPM market intelligence)

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(i) Fed continues with its outsized rate hike cadence in Nov/Dec, bringing Fed Funds above 4.0% (ii) QT puts upward pressure on yields, retesting YTD high of 3.47% in 10Y (iii) CPI remains in the 8% - 9% range (iv) WTI moves back above $100, in response to either supply disruptions and/or an increase in demand from China (v) positioning remains light with increases to short leverage (vi) rates vol remains elevated as Fedspeak is hawkish and uncertainty remains over CPI direction/magnitude. (JPM market intelligence)

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Bear case

(i) Fed continues with its outsized rate hike cadence in Nov/Dec, bringing Fed Funds above 4.0% (ii) QT puts upward pressure on yields, retesting YTD high of 3.47% in 10Y (iii) CPI remains in the 8% - 9% range (iv) WTI moves back above $100, in response to either supply disruptions and/or an increase in demand from China (v) positioning remains light with increases to short leverage (vi) rates vol remains elevated as Fedspeak is hawkish and uncertainty remains over CPI direction/magnitude. (JPM market intelligence)

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Bull case

(i) Fed does its last outsized (> 25pbs) hike in September (ii) QT ramps up to its maximal caps without any increase in vol or yields (iii) CPI continues to move lower, accelerating the pace of its declines (iv) WTI remains at/below $100, but perhaps more critically does not see rapid increases (v) positioning increases as markets stabilize (vi) yields remain anchored near-term and decrease as rates vol dissipates post-Fed. (JPM market intelligence)

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>OIL PRICES EXTEND GAINS, BRENT AND WTI RISE BY $3/BBL

^*Walter ^Bloomberg ^@DeItaone ^at ^2022-09-09 ^12:41:16 ^EDT-0400

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WTI for june of 23 looking like a good play.. potential 50% gain

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It’s been down a lot the past week, WTI still below $90

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My trading stratagy: TD Ameritrade

Upper oscillators

  1. 9E/9S MA and a 20E/20S MA. Exponential and Simple
  2. TTM_Scalper Alert
  3. TTM_LRC

Lower oscillators

  1. MACD
  2. TTM_Squeeze

Time frames Week, Day, 4hr, 2hr, 1hr, 30min, 15min, 5min and 90 ticks.

Both 9 MA's are are short term strength, and 20's are strength.. The Exponential is the strength and the Simple are weakness. If the 9E crosses over 9S its in strength, and same for the 20's. When the candles confirm support or have force quickly over the crossover, follow that trend until it confirms the opposite crossover. With practice you'll see even when it pivots before using the other oscillators.

Scalper Alert: Gives an arrow up or down signifying a scalping opportunity, or even a trend.

TTM_LRC: Shows 5 channel lines and basic direction of the movement. The candles gravitate to the center one. They also act as support and resistance. Scanning the time frames allows you to see which time frame the institutions are using by its support and resistance.

MACD: Shows the flow of the upper chart. Higher highs and lower lows, or smooth pivots. In the upper chart there are up and down or red and green candles. The MACD flows up and down. Example: in a trend upward the MACD rises from one to the next. A continuation of trend is signified by the same distance between the next line. If you see a slightly lower one, but still higher than the previous the trend is upward, but you will see a red candle. Patients is needed. The TTM_SQUEEZE's upward direction still says its in an upward trend.

TTM_SQUEEZE: USES A 0(ZERO) line to signify and accumulation or squeeze as its called. This is dangerous to trade because of whipsaws. Using the direction of the TTM_SQUEEZE signifies the accumulation, but it usually signifies a change of direction, except when it doesn't 😉. Use your time frames to spot the zero line. The higher zero line time frame means a greater trend. Right now WTI Oil is zero lining in the week time frame. When the MACD and TTM_SQUEEZE are in the same direction, you're going to the bank.

Time frames: 15min, 5min and 90 tick are only used for entry points, if ever. Looking at them to make and entry can be difficult. If I see the trend in a 4hr time frame, I'll look at the 2 hr to make entry point. Long term time frames take a long time. You will see candle fluctuations go up and down until accumulation is complete and trend ensues and tag_ends signifying the end.

Got it😁😁😁

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>OIL PRICES EXTEND GAINS, WTI RISES $2/BBL TO SESSION HIGH OF $83.96

^*Walter ^Bloomberg ^@DeItaone ^at ^2022-09-08 ^13:04:27 ^EDT-0400

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>*WTI Oil Extends Gains, Up 2.2% at $83.71 Ahead of Weekly EIA Report

^*Walter ^Bloomberg ^@DeItaone ^at ^2022-09-08 ^09:53:18 ^EDT-0400

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> $35 below the Brent crude index.

No. It hasn't traded that low in months.

As for why aren't prices higher?

> The answer is, no one is buying Russian oil at market rates. Most big oil importers have sanctioned them or (functionally) been sanctioned by them.

Yeah that's right... but...

> China and India have the US in one ear with threats over sanction-busting, as well as an offer of their own cheap oil.

China and India don't care, Indian Energy minister even said explicitly on Monday they will ignore the price cap if it goes against their interests 🤷‍♂️

> But also, China and India aren't blind. They know Russia has its back against the wall. At the end of the day, Russian oil is cheap because they can offer $35 below market rate, and Russia will take it.

I mean yeah, but Brent is not the same thing as the "market rate" 😂

Anyway, not sure what any of this has to do SPR release.

Original point was WTI and Urals are vastly different crudes in every way and the idea the SPR is designed to eat into Russia's share with India/China is obviously wrong. They're tiny WTI consumers even before the war.

SPR is designed to ease flat price... Weaker flat price = cheaper oil for everyone and yes less pain at the pump.

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I’m totally lost by your comment, can you explain? Others are selling at 90 - that’s ballpark current oil price (I didn’t look up Brent vs wti)

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Undercut Russia?

Do you have any idea where Urals is trading atm vs WTI?

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Did you see what happened to WTI today. It's back to January levels, it almost as if the war didn't happen

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>Oils update: Oil - WTI (NOV) 82.36 +0.84% Oil - WTI (DEC) 81.89 +0.75% Oil - Brent (JAN) 86.88 +0.63% Oil - Brent (FEB) 85.96 +0.59% Gasoline 2.3174 +0.98% London Gas Oil 1055 +0.31% #Oil #Brent #WTI #OOTT

^IGSquawk ^@IGSquawk ^at ^2022-09-07 ^21:02:05 ^EDT-0400

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Do we make profit here? I imagine the reserve was built up when WTI was $10 and now it’s much higher

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The WTI chart tells a completely different story. Yes there's still a supply shortage, but the price action is probably going to overshoot to the downside like any asset with too many fomo buying morons before climbing again. Citi nailed the $65 call IMO.

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Oil prices are set by a global market, so how much Russian oil is imported into the US itself is irrelevant when discussing prices. Russian sanctions lowered the global supply which raised prices. Biden added to the global supply which lowered prices. Yes, there is a slight price differential between WTI, the American standard oil grade, and Brent crude, but they track each other closely.

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In 2021, only 11% of US imported oil came from OPEC, 8% came from Mexico, but you bought 51% from us here in Canada. It would be even more than 51% if the proposed pipelines had been allowed to proceed.

Most of our oil producers will be debt free in 36 months based on $65 WTI. At current prices some will be debt free in Q4 of 2023. Share buy backs and special dividends are becoming common.

A few of our natural gas producers report that the breakeven on a new gas well has been reduced from 8 to 10 months to now being just a few weeks.

Google Eric Nuttal at Ninepoint Partners and do your own DD.

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WTI futures. You have to take delivery for those (or had to?). Carl Icahn and others bought barrels at a negative price.

>Monday presented a similarly rare and short-lived opportunity. With oil markets oversupplied and running out of storage space because of the coronavirus pandemic, at about 2 p.m. crude for May delivery fell below zero and began an unprecedented plunge to less than minus $40 a barrel. Investors with no use for the physical commodity and no place to keep it next month became increasingly desperate to unload contracts.

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Yeah that’s not what came up when I searched TD WTI

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WTI -2%?

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Well, let see what Powell say tomorrow. Look at WTI, I can’t believe how much it’s down.

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WTI testing January lows

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Specifically WTI options because there wasn’t anywhere to store it

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Small spreads do build up between say WTI and Brent, before arbitrage etc. kick in. This was a hypothetical example of a spread becoming too big, for the sake of argument.

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Arguably one gives a damn about what the Fed says. Within limits they have to respond to the data. Plus, this speech doesn't change anything. This was inline with market assumptions.

What does matter is the sharp drop we've seen WTI today. And given that oil has been what's driving the majority of the inflation we've been seeing the lower oil goes the more we can assume that future inflation prints are going to come in light.

Therefore, the 10 year yield has also been dropping today and stocks (especially the long-duration tech stocks) are being rerated higher.

This sub is far to focused on what the Fed is saying, which is mostly jawboning BS. What's far more important to markets is the data, then secondly the Feds reaction function to it.

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Looks at the decline in WTI, is it because China is turning back Russian oil Tanks due to demand drop? Or is it something else, that I am not aware of?

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Democrats were wrong.

​

It was a bailout of hedge funds, not oil companies. There was a storage problem and WTI futures had been purchased by hedge funs with nowhere for the oil to go because there was no demand by refineries. Letting hedge funds sell oil that they had been forced to take delivery of to the federal government is one of the many grimy things Trump tried to do on the way out.

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It was a bailout of hedge funds, not oil companies. There was a storage problem and WTI futures had been purchased with nowhere for the oil to go. Letting hedge funds sell oil that they had been forced to take delivery of to the federal government is one of the many grimy things Trump tried to do on the way out.

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You forgot to tell WTI, mister master.... about to go under $80.

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You forgot to tell WTI, mister master.... about to go under $80.

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WTI is falling off a Cliff

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Not necessarily. The graph left out key details with what type of oil it is. There’s more information on most economy based subreddits, but the short answer is that this isn’t the right oil to look at for WTI oil prices, they’re different.

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is KFC listed on the nasdaq or the WTI?

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Sold the WTI top and then went short the literal bottom within 5c - proceeds to have 8 straight green candles pumps $1.5... Honestly this market is a fucking joke. So manipulated

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Non stop sell orders on WTI I was long - get closed out at $83 and go short... Literally 1 second later 7 straight green candles rips back up to $84 nice market bro fucking cunt

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>*WTI Oil Drops 2% to $85.17, Would Be Lowest Closing Price Since Jan. 24

^*Walter ^Bloomberg ^@DeItaone ^at ^2022-09-07 ^09:12:33 ^EDT-0400

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A huge flush out is coming in the O&G sector. Technicals on WTI Crude look extremely bleak right now. IMO probably easier to short than go long in the next few months.

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>Oils update: Oil - WTI (NOV) 85.91 -0.71% Oil - WTI (DEC) 85.45 -0.72% Oil - Brent (JAN) 90.4 -0.61% Oil - Brent (FEB) 89.34 -0.61% Gasoline 2.4042 -0.07% London Gas Oil 1051 -0.47% #Oil #Brent #WTI #OOTT

^IGSquawk ^@IGSquawk ^at ^2022-09-06 ^20:26:30 ^EDT-0400

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>Energy update: Oil - WTI (undated) 86.23 -2.92% Oil - Brent (undated) 92.51 -2.53% Natural Gas 8.59 -1.88% Heating Oil 3.5941 -2.74% Gasoline 2.438 -0.62% London Gas Oil 1063 -2.22% Carbon Emissions 7211 -3.15% #Oil #Brent #WTI #OOTT

^IGSquawk ^@IGSquawk ^at ^2022-09-06 ^07:04:00 ^EDT-0400

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Yea oxy,wti shell I think

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Recent Tweets
$WTI Top analyst price target for next week... https://t.co/P4BXnfTZoy
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