W&T Offshore is trading at $3.78, up 10.20%, as crude prices advance amid uncertainty surrounding the reopening of the Strait of Hormuz.
- Front-month WTI crude was reported at $78.67, up 0.63% on August 10, supporting upstream producers.
- Recent second-quarter results showed $12.6 million net income, stronger free cash flow, and reduced net debt, adding positive fundamental support.