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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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Jun 12, 2026 / Tyler Durden
"They All Believe That Taiwan's Part Of China", Former Reagan Advisor On Chinese Nationalism
"They All Believe That Taiwan's Part Of China", Former Reagan Advisor On Chinese Nationalism
Iran is dominating headlines, but Washington’s favorite bipartisan monster abroad is never too far from the sights of the hawks. Just days ago, and while the U.S. is fighting a war, Kentucky Senator Mitch McConnell scolded Marco Rubio for pausing a weapons shipment to Taiwan.
Last night, ZeroHedge hosted opposing think tankers to answer the question that DC likes to keep ambiguous: Should the U.S. defend Taiwan if China invades?
In the “no” corner was Doug Bandow, senior...
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Apr 30, 2026 / Tyler Durden
DeSantis Rolls Out Redistricting Map - Partisan Framing May Put It In Legal Peril
DeSantis Rolls Out Redistricting Map - Partisan Framing May Put It In Legal Peril
Florida Gov. Ron DeSantis rolled out a proposed redistricting map for the state this week, but the way he did it could give ammunition to lawyers mounting inevitable legal challenges that will follow the map's expected approval by the legislature, both Democratic and Republican observers say. Some Republican legislators are uneasy with DeSantis' rollout of the plan -- which he shared with Fox News before he shared it with them.
Today, Republicans hold 20 of Florida's US...
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Feb 23, 2026 / Dave DeCamp
After Four Years of War, Zelensky Insists Victory Requires Ukraine Reclaiming All Territory Captured by Russia
Tuesday marks four years since Russia first launched its invasion of Ukraine, and, despite President Trump promising to end the war quickly, there’s no end in sight to the conflict as Russian and Ukrainian leadership haven’t budged on their core demands for a peace deal. Ukrainian President Volodymyr Zelensky reaffirmed in an interview with the […]
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