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WTI Dips After Big Crude Inventory Build, US Production Slows

WTI Dips After Big Crude Inventory Build, US Production Slows Oil prices are down overnight but playing headline roulette with every word that comes out of any leaders' (or non-leaders') mouth as ceasefire chatter (now denied) has WTI riding a roller-coaster (but below $100 once again as we write). “Flows and actions matter more than words,” said Giovanni Staunovo, a commodity analyst at UBS Group AG. And while inventory data may not be the market-moving event in this new regime, it is useful to see signs of stockpiling or demand. DOE Crude +5.45mm (+10.3mm...
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Jul 21, 2026 / Dave DeCamp
‘The Current Situation Is Best’: Smotrich Says Israel Has No Interest in Joining US Attacks on Iran
Israeli Finance Minister Bezalel Smotrich on Tuesday said it was “best” for Israel to stay out of the current conflict between the US and Iran, as the US continues bombing the Islamic Republic, and Iranian missiles and drones continue to target bases in Arab states across the region but have so far spared Israel. “The […]
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Jun 8, 2026 / Tyler Durden
Researchers Identify World's Largest Scorpion That Roamed Earth 415 Million Years Ago
Researchers Identify World's Largest Scorpion That Roamed Earth 415 Million Years Ago Authored by Maria Mocerino via Interesting Engineering, The University of Manchester has discovered that the world's largest scorpion, which lived 415 million years ago, was hiding in the museum's collection for 150 years. Since the 1870s, researchers have debated the identity of the strange fossil remains lurking in the Manchester archives. They possessed tiny fragments recovered from sites in England and Wales that puzzled them, but they could not piece them together. Was it a large woodlouse-crustacean? Life reconstruction of Praearcturus...
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Aug 12, 2026 / Tyler Durden
Ukraine Suspends Attacks On Tankers Using Russian Black Sea Port, At Vance's Urging
Ukraine Suspends Attacks On Tankers Using Russian Black Sea Port, At Vance's Urging At the urging of Vice President JD Vance, Ukraine has suspended attacks on oil tankers using the Russian port of Novorossiysk, which sits on the Black Sea. The request was made in late July, but first reported today by the Financial Times, citing Ukrainian officials.  Vance's plea sprang from the Trump administration's worries that Ukraine's attacks were creating dangerous instability in global fuel markets. There were also concerns that strikes on vessels transporting Kazakhstan crude oil to the...
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