China exempted some U.S. imports from tariffs, which was bullish for oil.
WTI drops below $63.50 as Iran-U.S. nuclear talks ease supply concerns, shifting oil sentiment. Natural gas holds under resistance amid weak momentum.
WTI nears $67 after triangle breakout; Iran sanctions and OPEC cuts fuel upside. Brent gains while natural gas battles bearish trendline resistance.
Gasoline inventories declined by 2.0 million barrels from the previous week.
The U.S. may put additional pressure on Iranian oil exports, which is bullish for oil prices.
Chord Energy Corporation is projected to generate a bit over $600 million in free cash flow at 2025 strip, including high-$50s WTI oil during the last three quarters. At $60 WTI oil in 2026, Chord may be able to generate $750 million in free cash flow if natural gas and NGL realizations return to historical levels. Chord pushed its note maturity out to 2033.
Civitas' stock has been hammered YTD, falling by more than 45% due to lower WTI prices and production cuts. Yet, the company has an incredibly low valuation despite quality assets, and a sale of its DJ basin's operations could reduce substantially its debt. The company also has an aggressive capital return policy that can reward long-term shareholders thanks to its low breakeven WTI prices.
CNBC's Pippa Stevens reports on the recent moves in crude oil prices.
Oil prices test multi-year lows.
OPEC+ decision to boost production in May put additional pressure on markets.
WTI crude dropped near $69 after a 6M barrel inventory build. Can demand recover amid geopolitical tensions and rising Canadian imports?
Oil markets are moving higher as traders bet on tight supply.