Oil’s rally is hitting the gas. West Texas Intermediate gained another 1% on Wednesday, pushing it well above $68 a barrel, after OPEC+ doubled down on its decision to ease supply restrictions through July to keep up with demand. As WTI crude traded at its highest level since October 2018, energy stocks rallied alongside it. .
Tesla is under pressure again this week, but TradingAnalysis.com founder Todd Gordon says that spells opportunity for savvy investors to build out a position.