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WTI Extends Gains, Shrugs Off SPR Release Amid Crude Build, Dip In US Production
WTI Extends Gains, Shrugs Off SPR Release Amid Crude Build, Dip In US Production
Oil prices are higher this morning, shrugging off the well-telegraphed (and practically useless) SPR release.
"Oil prices remain volatile and risk sentiment fragile and trading is on the headlines and rapidly evolving conflict in the Middle East," noted Neil Wilson, Saxo UK investor strategist.
And while, the main drivers of crude prices remain more global, the domestic supply and demand situation remains noteworthy based on its impact on gasoline (pump) prices.
API
Crude -1.7mm (+1.1mm exp)
Cushing
Gasoline -1.8mm
Distillates -2.3mm
DOE
Crude +3.82mm (+1.1mm...
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Apr 17, 2026 / Tyler Durden
Meta To Unleash First Wave Of Mass Layoffs May 20 As It Eliminates 10% Of Its Workers
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The FaceBook currently known as Meta for one failed venture that incinerated nearly $100 billion in cash for its failed transformation to a virtual reality hub while laying off thousands, is at it again.
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Apr 21, 2026 / Dave DeCamp
Trump Says He Doesn’t Want To Extend Iran Ceasefire, Ready To Restart Bombing Campaign
President Trump said on Tuesday that he doesn’t want to extend the ceasefire with Iran, which will expire on Wednesday, and that he’s ready to restart the bombing campaign against the country, as it’s still unclear if negotiations will take place in Pakistan. Trump made the comments in an interview with CNBC, where he insisted […]
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Nov 10, 2026 / Tyler Durden
Masa's $3.7 Billion Bonfire: SoftBank Posts $7 Billion Loss After Torching Deposits On AI Power Gear As Interest Costs Double
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Buy now, figure out the specs later. That, in one line, was SoftBank's strategy for powering the biggest AI data center buildout on the planet. And on Tuesday, it sent Masayoshi Son the invoice: SoftBank Group reported a net loss of ¥1.12 trillion ($7.1 billion) for the July-September quarter, its first loss in almost two years, when Wall Street was looking for a profit of ¥129 billion. The biggest single culprit...
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