Oil prices dip below $90 amid peace deal hopes, but midstream investors should watch 2027 futures for real impact.

Oil prices fell below $90 per barrel recently due to optimism over a potential peace deal and reopening of the Strait of Hormuz, easing fears of a price spike. However, oil market dynamics remain complex with inventory depletion and geopolitical risks still present. For midstream investors, day-to-day price swings are less important than the futures curve, especially prices into 2027, which influence producer drilling plans and long-term infrastructure demand. The U.S. Energy Information Administration forecasts production growth in 2027, supporting a stronger outlook for midstream oil opportunities.