WTI Rises After Big Inventory Drawdowns Across Energy Complex, Huge SPR Drop, Record Exports

Inside The Major Bill Poised To Reshape The US Housing Market Authored by Andrew Moran via The Epoch Times, The United States may be on track to implement the first comprehensive housing legislation in decades. For the past several years, housing affordability has been a significant subject across the country, with many young people struggling to achieve the dream of homeownership. Lawmakers on both sides of the aisle have tried to reverse the trend by advancing the 21st Century Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025. Here is a...

Global Oil Deficit To Hit 1.8 Million Bpd This Quarter, IEA Forecasts The IEA slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the failure to reopen the Strait of Hormuz pushes the market deeper into deficit, OilPrice reported. The latest forecast is considerably worse than the 3.7-million-bpd decline the agency projected just last month and would leave global supply at 102.02 million bpd, its lowest forecast for 2026 yet. Supply is now expected to fall 1.27 million bpd short...