The Deal That Did Not Deal: WTI Holds $76 as Hormuz Goes Quiet Again
WTI closed at $76.54. The Hormuz talks collapsed before they began. Kuwait pledged 2 million bpd. And the market barely moved. Here is what that tells operators about where we are.
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The Floor Debate: Why $75 WTI Recovered From This Morning's $74 and What Friday's Rig Count Tells Us
WTI hit $74.19 this morning and closed at $75.35. The $1.16 recovery is a market actively debating where the floor is — and the IEA surplus math vs. depleted SPR inventory is the crux of it.
60 Million Barrels Head to Asia: WTI Falls to $74 as the Hormuz Supply Flood Begins
WTI fell to $74.19 this morning as 60 million barrels of previously constrained crude route toward Asia. Goldman warns Hormuz traffic may never recover. What it means for Thursday's Permian setup.
WTI Below $77 as Hormuz Reopens: Tuesday's Deal Changes the Supply Math
WTI crude | Brent crude | Henry Hub natural gas | Source data: Yahoo Finance intraday, OilPrice.com, SEC EDGAR (CRC 8-K June 16), EIA production data
WTI closed Tuesday at approximately $76.70 — down more than $5 from yesterday's close, a decline of roughly 6% on the session. The
WTI Hits $77 as Banks Reprice and China Cracks: Tuesday's Double Selloff Signal
WTI falls to $77 as Morgan Stanley and Goldman slash Brent forecasts, China refinery throughput hits a four-year low, and tanker operators signal Hormuz won't reopen overnight.
Hormuz Deal Confirmed, WTI Crashes to $80: Monday's Reset
The Iran premium is gone. WTI drops $4.74 to $80.14 on confirmed Hormuz deal — resetting every H2 assumption for operators, frac pricing, and RBL borrowing bases.
Goldman Says $80, Wright Says 7 Million Barrels: What Friday's Close Actually Means
WTI closed Friday at $84.29. Goldman Sachs cut its 2027 Brent outlook to $80. Energy Secretary Wright disclosed the U.S. military is moving 7 million bpd through the Persian Gulf. The Iran premium unwind is nearly complete.