Crude oil outlook turns volatile as WTI pivots on $98.11 and Strait of Hormuz tensions threaten global supply. Traders eye $100 as war headlines drive futures.
As the Hormuz crisis threatens supply, WTI eyes $120. Will diplomatic efforts cool the market or is a massive price spike inevitable?
Oil prices are moving higher as the Strait of Hormuz remains closed.
WTI eyes a $103 rally as Middle East conflict shuts the Strait of Hormuz. Will the $98 breakout trigger a massive energy surge?
President Trump said that preventing Iran from having nuclear weapons was more important than the price of oil.
W&T Offshore (WTI) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to a loss of $0.18 per share a year ago.
Devon Energy remains a "Buy," supported by robust fundamentals, technical momentum, and a favorable oil price environment. DVN's all-stock merger with Coterra Energy targets $1 billion in annual synergies and a pro forma $60 billion enterprise value. Despite recent EPS downgrades, DVN's strong free cash flow yield and potential upside from higher oil prices reinforce valuation upside.
Initial Jobless Claims Come in Per Expectations.
Oil traders have started to take profits after the strong rally.
W&T Offshore continues to show strength with a 50% price rally, underpinned by operational efficiency and robust liquidity. WTI benefits from rising natural gas sales and potential upside from geopolitical tensions impacting oil prices, despite recent overbuying signals. Valuation remains attractive, with target prices around $3.09–3.19 supported by DCF and price ratios, and technicals confirm bullish momentum.
Oil markets are moving lower as traders prepare for the key event of the week.
Iranian officials noted that they were ready to take necessary steps to strike a deal with U.S.