Stock Futures Surge, Oil Tumbles On Iran Ceasefire Optimism

Canada Just Unleashed Its Fastest-Growing Oil Boom In A Decade Who says price isn't a rationing mechanism? Rather than sink billions into long-term oil sands projects, Alberta energy companies are increasingly chasing the Clearwater formation, a conventional heavy oil field that allows producers to capitalize on rising crude prices far more quickly, according to Bloomberg. The surge in activity has been significant. Alberta approved 1,764 drilling licenses between Jan. 1 and June 12, the busiest start to a year since 2014. Roughly one-fifth of those permits were for Clearwater wells, marking the...

Trump Says 'A Little More Time' Needed To Open Hormuz, 'Take The Oil & Make A Fortune' - As Israel Hit Hard During Passover Summary Trump: US needs "a little more time" to reopen the Strait of Hormuz, while floating the prospect of seizing oil amid potential island or ground campaign Iran and Hezbollah fire 140+ rockets during Jewish Passover, with sustained barrages hitting Israel French-owned vessel becomes first Western-linked/European ship to transit Hormuz since war began, signaling a tentative thaw after weeks of near-total shipping freeze Iran targets Gulf infrastructure, including a Kuwaiti...

Trump Declares Hormuz 'Never Again' Closed By Iranians, State Media Quickly Calls BS In New Threat Summary Trump Praises Iran for Fully Reopening Hormuz Chokepoint; Crude Tanks, Yields Dump, Equity Futs Up; Follows by claiming Iran will 'never again' close it; FARS soon after contradicts in fresh threat. Iran's Aragchi says "Strait of Hormuz is declared completely open". However, Iranian official tells FARS: "If the maritime blockade continues, it will be considered a violation of the ceasefire, & the Strait of Hormuz transit route will be closed." US mulls cash-for-uranium deal as 'three-page'...