Week Closes Below $70: WTI's New Floor Test and Devon's Balance Sheet Move
WTI broke below $70 at this morning's open. Devon completed its Coterra note exchange. Baker Hughes rig count due at 1pm CT. The week's setup for US upstream.
week-in-review
The $75 Floor and the Gas Divergence: Friday's Week-in-Review Setup
WTI settled at $75.79 on Thursday — a number that would have looked like crisis pricing two months ago, now looks like a floor. The Hormuz supply flood Gareth has been tracking since June 15 continues to reprice crude, but natural gas is telling a different story. Henry Hub held
Week in Review: WTI’s $92 Friday and What the Rig Count Tells Us Next
WTI settles at $92.71 as the week's Iran-and-Kurdistan volatility fades. Baker Hughes rig count due 1pm CT. Gas diverges as LNG demand floors the market.