Wti futures price advanced to $79

WTI futures price advanced to $79.05 after China’s stimulus measures boosted global commodity sentiment. Market players eye the 200-day moving average as a key psychological level. Notably, that recent purchase by Tracy Krohn is the biggest insider purchase of W&T Offshore shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$1.89. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the W&T Offshore insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Tracy Krohn. Statista R identifies and awards industry leaders, top providers, and exceptional brands through exclusive rankings and top lists in collaboration with renowned media brands worldwide. For more details, visit our website. WTI futures price eased 0.28% to $78.05 after API data hinted at a surprise build in crude stocks. Traders are adjusting hedging strategies, aligning positions with expected EIA reports to capture short-term volatility.