Shares of W&T Offshore (WTI) are trading -10% lower at a price of $3.90 at the time of this writing.
W&T Offshore has been trading between a 52-week high of 9.01 and a 52-week low of 2.64. The stock has a market cap of 558 Million.
While some outlets are asking "Is the oil trade over?", a few iconic traders remain Bullish. Warren Buffet, continues to gobble up shares of OXY when the price dips. However, WTI showed weaker price gains relative to it's cohort and was seeing a steep price drop this afternoon.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit traderverse:
GeorgeSaucington - 5 upvotes -
sourceHere ;) wait till winter time. WTI 📈📈
bone_mizell - 4 upvotes -
sourceWTI wants to hold strong. The president might have to issue another relief tweet.
_penseroso_ - 4 upvotes -
sourceWti Oil just touched under 100 !
buck_tardwater - 2 upvotes -
sourcemember when wti was negative and they paid you to fill up your car? i member
AssociationDouble267 - 2 upvotes -
sourceWTI spot price is down $10/bbl since breakfast. WTF?