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WTI Extends Losses After Biggest Crude Build In 3 Years

WTI Extends Losses After Biggest Crude Build In 3 Years Oil prices are sliding this morning following as an over-supplied market (API reported a huge 11.4mm barrel build last week) beats the geopolitical risk premia (with the US poised to attack Iran). "Iran, rather than backing down and agreeing to all and any term [U.S. President Trump] is placing on the table (as he had expected), is instead daring him to attack. "Just you try it and you will see what you will get!" is kind of what Iran implicitly said...
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Jun 3, 2026 / Tyler Durden
'The Pricking Is Coming': Dalio Warns AI Bubble Will Burst Like Dot-Com, But Tech Will Endure
'The Pricking Is Coming': Dalio Warns AI Bubble Will Burst Like Dot-Com, But Tech Will Endure Bridgewater Associates founder Ray Dalio appeared on Bloomberg TV today and delivered a measured yet cautionary assessment of the artificial intelligence investment frenzy. He highlighted classic bubble dynamics - sky-high valuations, rampant speculation, and "paper wealth" vastly outpacing actual cash flows - while drawing direct parallels to the 2000 dot-com era. "All great technology changes produce bubbles," Dalio said in the Wednesday Bloomberg Television interview. "Nobody can get it exactly right. You have to either...
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Jun 19, 2026 / Frank Shostak
Why the US President Loves “Inflation”?
The president has declared that he loves inflation. What economic fallacies is he likely adopting that leads to this conclusion?
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Mar 29, 2026 / Tyler Durden
US To Let Russian Oil Tanker Deliver Fuel To Cuba: Report
US To Let Russian Oil Tanker Deliver Fuel To Cuba: Report A week after Russian tankers loaded with fuel for Cuba were diverted due to a months-long US oil blockade, the US Coast Guard is permitting a Russian vessel carrying an estimated 730,000 barrels of crude oil to reach Cuba, the NY Times reports, citing an official briefed on the matter. The tanker - Anatoly Kolodkin - owned by the Russian state-controlled shipping company Sovcomflot under U.S. sanctions since 2024 - left Primorsk, Russia on march 9, and is now expected to dock at...
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