Crude spikes above $100 as oil tankers burn in Gulf

Seattle To Declare "State Of Emergency" To Protect Transgender Refugees? The ultimate claim to victimhood is the claim that a group of people are "refugees" from mass persecution or "genocide."  The political left covets this victim status more than anything else because, within first world liberal societies, refugees have immediate political capital and access to easy money.  Within every leftist narrative there is an agenda for power and a life without adult responsibility. It is perhaps ironic that thousands of progressive activists and LGBT advocates are leaving red states over imaginary...

Continuing Jobless Claims Tumble To 2-Year Lows The number of Americans filing for jobless benefits for the first time rose from 203k to 219k last week (higher than the expected 210k), but still hovering within the low-low range of the last four years... Source: Bloomberg New Jersey and Oregon saw the largest WoW rise in initial claims while Texas and New York saw the biggest decline... But, while initial claims rose, continuing jobless claims tumbled to the lowest level since May 2024... Source: Bloomberg Soft survey data continues to signal a stressed labor market, while...

US Oil Premiums Hit Record High As World Scrambles For Crude By Charles Kennedy of Oilprice.com The premiums for U.S. West Texas Intermediate crude have soared in the spot market to a record high of between $30 and $40 per barrel above key regional benchmarks as Asia and Europe scramble for supply amid the de facto closure of the Strait of Hormuz. WTI Midland is being offered for July delivery in north Asia at premiums of between $30 and $40 per barrel, depending on the benchmark against which they are marked, trading...