WTI is trading 7.5% up at $3.56 today, driven by a sharp rebound in global oil prices and heightened geopolitical tensions in the Middle East.
- The move extends a strong two-day rally for the offshore producer, which saw shares climb from $3.09 to $3.31 before the current leg higher on July 8.
- The stock is benefiting from broader sector tailwinds as energy prices recover, despite a lack of fresh, company-specific news headlines.