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Crude Stocks Rise 3.5 Million, Highest Since May 2025
Crude Stocks Rise 3.5 Million, Highest Since May 2025
With oil flows passing through the Straits of Hormuz blocked indefinitely, markets were paying especially close attention to today's weekly DOE report on oil stocks, to see how much capacity the US has in case of a prolonged lockout. The result was satisfactory.
The DOE reported the following weekly changes:
Crude +3.475MM, more than the expected +3.00MM, and the highest since May 2025
Gasoline -1.704MM, down to the lowest since Jan 9, 2026
Distillates +429K, biggest increase since Jan 2026
Cushing +1.6MM, rising to the highest...
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Aug 19, 2026 / Jason Ditz
Large Israeli Deployment Reported in Southwest Syria, Forces Push Into Rif Damasq
With growing numbers of incursions reported by Israeli forces into southwest Syria, the latest incidents are noteworthy both for being unusual in size and in one case for going far deeper into Syria than previous operations. Dozens of Israeli soldiers, supported by at least 15 military vehicles, entered Syria today and headed into the town […]
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Feb 18, 2026
Christine Lagarde to leave ECB before the end of her 8-year term
European economists regard Spain’s former central bank governor Pablo Hernández de Cos and his Dutch counterpart Klaas Knot as top picks to become the next ECB president.
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Aug 19, 2026 / Tyler Durden
The Super El Niño To Beat All Others?
The Super El Niño To Beat All Others?
The World Meteorological Organization predicts the sea surface temperature anomaly in the El Niño/La Niña indicator area in the Pacific Ocean to rise to an average of +2.9° Celsius in the August-September-October period.
As Statista's Katharina Buchholz reports, this would constitute the strongest El Niño since records started in 1950 and could lead to wet and stormy conditions across the entire southern part of the United States starting in the late fall. It could also mean more snowfall in regions that receive precipitation this way. In...
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