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 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 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.
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.