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CIR Research Desk

CIR Research Desk

Strikes Reverse the Sub-$90 Print: WTI Back at $90 as Hormuz Tankers Clear and Iran Talks Crack

Strikes Reverse the Sub-$90 Print: WTI Back at $90 as Hormuz Tankers Clear and Iran Talks Crack

Fresh U.S. strikes on Iranian military targets sent WTI back above $90 overnight, three tankers cleared Hormuz, and Europe is accelerating LNG diversification toward Canada.

WTI Crosses $90 in the Wrong Direction: Wednesday's Close and What Operators Do Next

WTI Crosses $90 in the Wrong Direction: Wednesday's Close and What Operators Do Next

WTI at $89.37, Brent $92.91, HH +6.6%. The price close below $90 changes the H2 capital allocation conversation for Permian operators. Here's what it means.

Iran Deal Optimism Sends WTI to $90: Wednesday's Three-Front Pressure Test

Iran Deal Optimism Sends WTI to $90: Wednesday's Three-Front Pressure Test

Iran deal optimism is driving crude’s third major stress test in as many weeks. WTI is down more than $4 this morning on renewed speculation that US-Iran nuclear talks are moving toward a framework agreement — the same thesis that broke crude below $100 over Memorial Day weekend before

NOG Goes to Canada, PTEN Fires a Signal: Tuesday's Close in Two Moves

NOG Goes to Canada, PTEN Fires a Signal: Tuesday's Close in Two Moves

Northern Oil and Gas makes its first international move with a CA$350M Duvernay deal, Patterson-UTI upgrades Q2 outlook, and natural gas surges 5% on low supply and LNG demand. Tuesday's market in two signals.

Strikes Reopen the Iran Premium: WTI Bounces to $92 as Tuesday's Market Tests the New Floor

Strikes Reopen the Iran Premium: WTI Bounces to $92 as Tuesday's Market Tests the New Floor

WTI rebounds to $92.23 from the $90.88 holiday floor after overnight U.S. strikes on Iranian targets complicate the deal narrative. QatarEnergy extends force majeure through August. India cuts demand growth 40%. Technology Tuesday: European data centers outgrowing clean power.

Holiday Noise: WTI Closes at $90.88, but Tuesday's Open Is the Real Test

Holiday Noise: WTI Closes at $90.88, but Tuesday's Open Is the Real Test

WTI's Memorial Day drop to $90.88 was thin-volume noise, not a directional signal. Tuesday's open and Wednesday's EIA inventory report are the actual tests.

WTI Breaks $100 as Iran Deal Speculation Hits the Monday Open: Memorial Day Brief

WTI Breaks $100 as Iran Deal Speculation Hits the Monday Open: Memorial Day Brief

WTI broke into the low $90s in Memorial Day electronic trading on Iran deal speculation — the first clean break below $100 in weeks. Here's what operators need to know as the week starts.