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Saudi Slashes July OSPs as WTI Closes Below $88: The Demand Signal Is Official
WTI finished Friday morning at $87.71, the lowest print since the Hormuz disruption first priced a geopolitical premium into crude in April. The number matters less than what's confirming it: Saudi Arabia is cutting its July official selling prices for Asian buyers by $3 to $8 per
The Bounce Fades: WTI Gives Back Thursday's Strike Gains and Returns Below $89
WTI opened Thursday at $90.17, lifted overnight by U.S. strikes on Iranian missile sites east of Bandar Abbas. By early afternoon, the market had given it all back. The front-month contract faded to $88.76 at close — below Wednesday's sub-$90 print, and below every
The $90 Test: HAL and SLB Completions Diverge as North America Softens and International Holds
Hormuz Is Open — For Some: Inside the IRGC's Managed Passage Regime and What It Means for Atlantic Basin Supply
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 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.