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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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Sep 22, 2026 / Dave DeCamp
Israeli Strike in Gaza City Kills Two Palestinians
An Israeli strike hit Gaza City’s al-Tuffah neighborhood on Tuesday, killing at least two Palestinians, as the IDF continues daily attacks in the Strip in violation of the US-backed ceasefire deal. According to the Palestinian news agency WAFA, an Israeli drone hit a group of people near the Muscat school. In addition to the two […]
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Jun 15, 2026 / Tyler Durden
Could Trump's Fable 5 Export Curbs Slow China's AI Model Race
Could Trump's Fable 5 Export Curbs Slow China's AI Model Race
The biggest AI story to start the week is the Trump administration's decision to place export controls on Anthropic's Fable 5 and Mythos 5 models, forcing Dario Amodei's frontier AI lab to restrict foreign access.
The move comes as Chinese open-source models have been rapidly closing the compute gap with U.S. labs. Anthropic's latest release appears to have widened that gap again, particularly in frontier reasoning, coding, and cybersecurity use cases.
Export controls could have second-order effects on the global AI...
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Jun 20, 2026 / Tyler Durden
Trump Mocks Italy's Meloni Over Disputed G7 Photo: 'She Wants To Be Friends Again, No Thanks!'
Trump Mocks Italy's Meloni Over Disputed G7 Photo: 'She Wants To Be Friends Again, No Thanks!'
President Trump has once again lashed out at Italy, as Washington and this 'wayward' NATO ally continue to clash on a range of issues from Iran to Israel to Ukraine..
It follows on the heels of the cancellation of the planned diplomatic visit by Italian Foreign Minister Antonio Tajani. President Trump on Saturday has newly taken to Truth Social to reiterate that PM Meloni "asked, over and over, for a picture with me during the...
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