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Diamondback shares slide after downgrade, block sale as oil supports hold
The outlet points to crude still near $90 to $100, arguing Middle East supply gaps and ongoing demand themes create a higher oil-price floor.
Diamondback Energy shares fell as oil prices slipped and investors digested a Morgan Stanley downgrade alongside a large block sale, with the stock trading about 11% below its September high, according to MarketBeat Ratings. The sharpest move came on Sept. 16, when the shares fell roughly 8% in a single session.
MarketBeat Ratings also said Brent remains in the high $90s and West Texas Intermediate is near $90, adding that the key drivers supporting elevated oil prices do not disappear when Iran related headlines cool. The outlet cited a Middle East supply gap measured in weeks and months rather than days, and tied demand to AI infrastructure buildout and broader grid, construction, and manufacturing activity.
The outlet characterized oil price support as setting a higher floor rather than guaranteeing $100 crude every day, and suggested that Diamondback investors may view the sell off as an opportunity rather than a warning. It also noted that the company’s strong Q2 earnings are part of the underlying picture cited in the piece.
Latest closeWTI crude $95.27 ▲3.4%|Brent $100.98 ▼2.0%