Why These Energy Stocks Are Gaining This Week

3. W&T Offshore, Inc. (NYSE:WTI)

Share Price Gains Between June 11 – June 18: 26.2%

W&T Offshore, Inc. (NYSE:WTI) is an independent oil and natural gas producer, active in the exploration, development, and acquisition of oil and natural gas in the Gulf of America.

W&T Offshore, Inc. (NYSE:WTI) continued to gain this week after the company announced that it had reached a settlement with two of its largest surety providers, resulting in the dismissal of a previously filed lawsuit and a halt on collateral demands through December 31, 2026. The agreement provides the company with predictability by securing historical premium rates for existing bonds and locking in favorable financial terms.

W&T Offshore, Inc. (NYSE:WTI) has also benefited from a sharp surge in the global price of crude oil following an ongoing conflict between Iran and Israel. The WTI crude price has risen by more than 11% over the last week and is currently hovering around the $75.7 mark.