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CIR Research Desk

CIR Research Desk

The EIA Answers Tuesday’s Question: 15.2 MMbbl Draw Sends WTI Back to 1

The EIA Answers Tuesday’s Question: 15.2 MMbbl Draw Sends WTI Back to 1

The EIA's Wednesday inventory report just changed the conversation. Crude stocks fell 15.2 MMbbl in the week ending June 5 — the ninth consecutive draw, the largest single-week drop since March, and enough to send WTI up $2.88 to $91.08 by afternoon close. The numbers

EIA Natural Gas Storage Report 2026: Weekly Analysis and Henry Hub Price Implications

EIA Natural Gas Storage Report 2026: Weekly Analysis and Henry Hub Price Implications

Every Thursday morning, a single EIA data point reshapes natural gas trading desks from Houston to New York: the Weekly Natural Gas Storage Report. For operators, traders, and upstream producers, it's the clearest real-time read on whether the U.S. gas market is tightening or loosening — and

OPEC+'s Fourth Hike Doesn't Move the Needle: WTI Holds $88 as Peace Premium Drains

OPEC+'s Fourth Hike Doesn't Move the Needle: WTI Holds $88 as Peace Premium Drains

Four consecutive OPEC+ output hikes haven't moved WTI off $88. That's the market repricing the Hormuz premium faster than Gulf producers can restore credibility.

OPEC+ Adds 188K Bpd in July — WTI Closes at $88 and the Unwind Math Gets Harder

OPEC+ Adds 188K Bpd in July — WTI Closes at $88 and the Unwind Math Gets Harder

WTI spent most of Tuesday absorbing a supply shock it saw coming — and closing at $88.34/bbl anyway. The OPEC+ decision announced Saturday to add 188,000 barrels per day in July wasn't a surprise in mechanism; it followed the same phased-unwind playbook the group has

Saudi Cuts July OSPs Again as WTI Tests $89: Tuesday's Oil-Gas Divergence

Saudi Cuts July OSPs Again as WTI Tests $89: Tuesday's Oil-Gas Divergence

Oil slipped below $90 for the second time this week as Saudi Arabia cut July official selling prices for Asian buyers, and Trump called for an "immediate" halt to Israeli-Iranian strikes — removing two of the market's remaining geopolitical supports simultaneously. WTI settled near $89.37,

WTI's $94 Gap Dies by Close: Iran's Toll Regime Signal and What the Intraday Reversal Tells Operators

WTI's $94 Gap Dies by Close: Iran's Toll Regime Signal and What the Intraday Reversal Tells Operators

Source data: OilPrice.com live feed, EIA/FRED commodity series, EDGAR 8-K sweep June 8 2026, company disclosures WTI opened Monday at $94.64, a $4-plus gap above Friday's close, as weekend strike escalation fed into the oil market's chronic Iran anxiety. By 3:

WTI Gaps to 4 on Weekend Strike Escalation: Monday Frac Sector Setup

WTI Gaps to 4 on Weekend Strike Escalation: Monday Frac Sector Setup

WTI opened Monday at $94.64/bbl, a $4.10 gap-up from Friday’s $90.54 close, as weekend reports of new U.S. air strikes on Iranian nuclear enrichment infrastructure reignited the geopolitical premium that had spent most of last week deflating. Brent moved in tandem, opening near