WTI has been in the news 313% more than usual
Jan 14, 2025, 7:31 AM
-10.61%
What does WTI do
W&T Offshore, headquartered in Houston, Texas, focuses on oil and natural gas production and exploration, operating over 53 offshore fields and managing approximately 597,100 gross acres. The company went public on January 28, 2005, and employs 395 staff.
WTI has been in the news recently: W&T Offshore is affected by recent sanctions imposed by the US and UK on Russia's oil industry, which have targeted companies like Gazprom Neft and Surgutneftegaz. As a result of these sanctions, WTI crude oil prices have fluctuated, recently reaching highs near $77.60 due to concerns over tighter oil supply.
📡️ Energy
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