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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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May 4, 2026 / Tyler Durden
"Rare Sight": USAF C-17 Jets Land In Beijing Ahead Of Trump-Xi Summit
"Rare Sight": USAF C-17 Jets Land In Beijing Ahead Of Trump-Xi Summit
As the Strait of Hormuz takes center stage Monday morning, Iran is threatening to attack any ship that attempts to transit the critical waterway. This directly challenges President Trump's plan for the U.S. Navy to "guide" tankers and container ships through the chokepoint.
Looking beyond the ongoing Hormuz crisis, the China topic is next: Trump is still expected to meet with Chinese President Xi Jinping in the coming weeks. This means any U.S.-Iran escalation could leave Hormuz disrupted for...
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May 4, 2026 / Tyler Durden
From "Don't Be Evil" To Drone King: Eric Schmidt's Interceptors Deployed With U.S. Troops
From "Don't Be Evil" To Drone King: Eric Schmidt's Interceptors Deployed With U.S. Troops
Google's old motto, "Don't be evil," was retired for very good reasons eight years ago.
On Friday, Google joined the growing list of tech firms preparing to deploy AI tools for national security work at the Department of War.
But this note is not about Google. It is about Eric Schmidt's ventures in the drone warfare space, accelerated by the wars across Eurasia.
Recall that earlier this year, Schmidt reportedly visited Kyiv to accelerate his drone-startup ventures, using Ukraine...
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Jan 19, 2023 / Tyler Durden
US Finalizing Next Ukraine Military Aid Package At $2.6 Billion
The US is in the final stages of preparing a massive new military aid package to Ukraine which will total as much as $2.6 billion, the Associated Press previewed Wednesday night, and its to include nearly 100 Stryker combat vehicles - marking the first time the Stryker will be introduced to the Ukrainian battlefield - and at least 50 Bradley Fighting Vehicles.
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