W&T Offshore Inc

TradingKey — On October 22, Eastern Time, the three major U.S. stock indices diverged, with the Nasdaq and the S&P 500 Index falling noticeably, while the Dow closed slightly higher. Meta's (META) earnings report reignited market concerns over AI capital expenditures and return on investment, with t

TradingKey - On October 21, gold prices extended their correction, with gold (XAUUSD) dipping to an intraday low of $4,106, approaching the $4,100 level and marking its fourth consecutive session of losses. As global oil prices have remained elevated recently, markets are reassessing the impact of energy prices on U.S. inflation and the Federal Reserve's subsequent interest rate policy.

TradingKey - International oil prices fell noticeably on Monday. Brent crude (UKOIL) futures dropped 1.90% to $107.85 per barrel, while WTI crude (USOIL) futures declined 1.57% to stand at 97.49%.

On October 16 ET, crude oil prices surged again, with Brent crude (UKOIL) approaching $110 and rising more than 3.3% intraday, while WTI crude (USOIL) neared $99, gaining over 2% intraday. Meanwhile, Representative Gregory W. Meeks, the Ranking Member of the U.S. House Foreign Affairs Committee, introduced a bipartisan bill today, the "No Corrupt Russian Oil Deals Act," aimed at blocking what he described as a corrupt deal between Trump and Putin to purchase and import Russian diesel.

TradingKey - On Monday, October 12, Eastern Time, futures tied to the three major U.S. stock indexes were mixed in pre-market trading. Trading was relatively subdued due to the Columbus Day holiday, as investors awaited earnings reports from major banks this week and the U.S. September CPI data. Meanwhile, tensions in the Middle East and shipping risks in the Strait of Hormuz pushed oil prices higher again, capping risk appetite for tech stocks.

TradingKey - As of Friday (October 9) Eastern Time, WTI (USOIL) crude oil dipped before turning higher during intraday trading. Prices briefly pulled back to $90.01 before erasing losses to close at $91.67, up 0.55%. This round of oil price volatility was primarily driven by the combined impact of progress in US-Iran negotiations and crude oil production disruptions in the US Gulf of Mexico.

TradingKey - Tensions in the Middle East remain high, putting global energy supplies to the test once again. However, Trump subsequently announced positive progress in a phone call with Russian President Vladimir Putin, stating that Russia will supply additional diesel to the U.S. and global markets, which narrowed the gains in energy markets.

TradingKey - On October 8, international oil prices surged in intra-day trading, with both WTI (USOIL) crude and Brent (UKOIL) crude rising by over 5% at one point. Escalating shipping security risks in the Middle East, combined with the suspension of some crude production in the U.S. Gulf of Mexico due to a hurricane, heightened supply-side uncertainties and drove oil prices rapidly higher.

TradingKey - On Thursday (October 8) Eastern Time, soaring oil prices and rising US Treasury yields combined to weigh on risk appetite, sending futures on the three major US stock indices down across the board in pre-market trading. However, analyst ratings, energy prices, and corporate earnings continued to drive clear divergence among individual stocks.

TradingKey - On September 29, international oil prices experienced a sharp intraday reversal. Both WTI crude oil (USOIL) and Brent crude oil (UKOIL) rose by more than 1% in early trading before rapidly relinquishing all gains and turning lower, with intraday losses exceeding 2% at one point. The swift pullback in oil prices from their highs reflects renewed market expectations regarding the recovery of Middle Eastern supply and progress in US-Iran negotiations. As of press time, WTI crude oil was down about 2.8%, trading near $90.8, while Brent crude oil fell roughly 2.6%, trading near $96.1.