Stocktwits Midweek Energy Roundup: Brent Crosses $110 A Barrel, Musk’s Comments On Power For AI, Key Earnings Check
Bullish strength: 82/100
- Brent crude breached $110 per barrel, while WTI rose to about $99.
- Escalating U.S.-Iran tensions and Strait of Hormuz disruptions heightened supply concerns.
- U.S. crude inventories declined by 4.93 million barrels.
- U.S. refiners were reportedly operating at 95% to 100% of capacity.
- Rising energy demand from AI infrastructure supported gains in energy-related stocks.
Bearish strength: 18/100
- Higher shipping costs could squeeze crude-grade differentials and refining profit margins.
- Elevated oil and diesel prices could intensify inflationary pressures and raise operating costs.
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