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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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Jun 1, 2026 / Tyler Durden
Them's Fightin' Words
Them's Fightin' Words
By Benjamin Picton, Rabobank Senior Market Strategist
Resigned
Brent crude front-month futures are inching higher this morning after ending May down almost 20%. The May selloff has been courtesy of Mr Market’s Pavlovian response to fresh peace rumours, though it still remains the case that a deal has not been done and the Strait of Hormuz remains closed.
US equity indices closed higher across the board on Friday, but Asian stocks are mixed in early trade today. The S&P500 has now had nine-consecutive positive weekly closes and is sitting at...
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Mar 31, 2026 / Tyler Durden
Idaho Passes Strictest Law In The US For Transgenders Using Incorrect Bathrooms
Idaho Passes Strictest Law In The US For Transgenders Using Incorrect Bathrooms
The transgender movement is widely regarded as a political insurgency rather than a civil rights movement, and for good reason. Leftist activists often declare themselves to be "trans" as a political statement, even when they don't actually suffer from gender dysphoria, a rare mental illness that has little to do with gay rights or "social justice".
Children, by extension, are easily manipulated by such activists in the form of parents and teachers, and they tend to declare they are...
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Apr 5, 2026 / Connor White
The Iran War is Shattering the Global Oil Order
The Persian Gulf is the jugular vein of global oil supply. Roughly one-fifth of all oil traded on earth transits the Strait of Hormuz. Since the war picked back up on February 28th, data reported to Goldman Sachs show an estimated hit to Persian Gulf oil exports that has since reached approximately 16% of global […]
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