What Happened?

A number of stocks fell in the afternoon session after a sharp retreat in crude oil and natural gas prices amid shifting geopolitical expectations weakened sentiment. 

WTI crude futures plunged over 10% to around $84 per barrel, a steep reversal from the nearly $120 seen in the previous session. The sell-off was triggered by multiple factors, including comments from President Trump suggesting the war with Iran could be brief. Additionally, global leaders are signaling a readiness to intervene to stabilize energy markets. The International Energy Agency (IEA), an organization that works to ensure reliable, affordable, and clean energy, has convened a meeting to assess the situation, with G7 nations requesting preparations for a potential release of emergency oil reserves. Meanwhile, natural gas prices also declined, with the U.S. Energy Information Administration lowering its price forecast due to strong domestic production and mild weather, which are expected to insulate the U.S. market from the conflict's impact.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• U.S. Shale E&P company Texas Pacific Land (NYSE: TPL) fell 4.3%. Is now the time to buy Texas Pacific Land? Access our full analysis report here, it’s free.
• U.S. Shale E&P company Cactus (NYSE: WHD) fell 5.1%. Is now the time to buy Cactus? Access our full analysis report here, it’s free.
• Upstream Natural Gas E&P company BKV (NYSE: BKV) fell 5%. Is now the time to buy BKV? Access our full analysis report here, it’s free.

Zooming In On Cactus (WHD)

Cactus’s shares are quite volatile and have had 18 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

Cactus is up 3.9% since the beginning of the year, but at $48.89 per share, it is still trading 16.8% below its 52-week high of $58.76 from February 2026. Investors who bought $1,000 worth of Cactus’s shares 5 years ago would now be looking at an investment worth $1,461.

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