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.
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The $90 Floor Test: What Memorial Day's WTI Break Means for Operators This Week
Source data: FRED WTI daily close series (last close May 18, 2026: $112.25), EIA Weekly Petroleum Status Report (May 15, 2026), Baker Hughes weekly rig count (May 15, 2026), Goldman Sachs commodity research, ADNOC CEO public statements
WTI printed $90.88 on Memorial Day — the first sub-$100 tick
The $90 Stress Test: What Memorial Day's WTI Selloff Means for PUMP, PTEN, and LBRT
WTI hit $90.88 in thin Memorial Day trading on Iran deal speculation. The frac sector — already fighting a repricing battle at $100 WTI — now faces its first real sub-$95 stress test of the cycle.
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.
The New Entity’s Numbers: Devon-Coterra Posts First Pro Forma, WTI Fades Into Memorial Day Weekend
Devon Energy filed its first combined pro forma financial statements for the Devon-Coterra merged entity on Friday, giving the market its initial hard look at what 1.15 billion shares of combined production capacity actually costs to run. The regulatory filing landed against a backdrop of WTI pulling back
The $455 Million Quarter That Made $855,000: RPC's Q1 2026 and the Production Services Margin Trap
RPC Inc posted $454.8M in Q1 2026 revenue — up 37% year-over-year. Net income came in at $855,000. The production services margin trap is the story of the week.
The 2020 Low Is Two Weeks Away: Inventory Math Forces the Market's Hand on $100+
Macro | Source data: EIA Weekly Petroleum Status Report (week ending May 15, 2026), FRED WTI and Brent daily close series, Reuters coverage of Barclays and Goldman Sachs research notes
The inventory thesis that has been driving the oil market's floor higher all spring is no longer a forward-