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WTI Extends Gains As US Oil Product Exports Hit Record Highs, Huge SPR Release, Production Dips
WTI Extends Gains As US Oil Product Exports Hit Record Highs, Huge SPR Release, Production Dips
Oil prices are modestly higher this morning, erasing overnight losses on Trump's 'ceasefire extension' after Iran attacked three ships in the Strait of Hormuz.
While headline roulette continues to drive oil prices incrementally, this morning's inventory/supply data from DOE will provide some color on how the
API
Crude -4.5mm
Cushing +700k
Gasoline -5.2mm
Distillates -4.6mm
DOE
Crude +1.925mm
Cushing +806k
Gasoline -4.57mm - 10th weekly draw in a row
Distillates -3.43mm - 4th weekly draw in a row
Crude stocks unexpectedly saw a build last week...
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May 6, 2026 / Tyler Durden
Corning Shares Erupt On Nvidia Deal To Supercharge Fiber Optics Output By 10x
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U.S.-based glass company Corning soared in premarket trading in New York after announcing a new mega deal with Nvidia to expand manufacturing capacity for fiber optic production used in AI data centers.
"Corning will increase its U.S.-based optical connectivity manufacturing capacity by 10x and expand its U.S. fiber production capacity by more than 50% to meet the accelerating demand driven by AI factory buildouts," Nvidia wrote in a press release.
The expansion includes three new manufacturing plants in...
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Jul 13, 2026 / Ron Paul
Congressional Ratification of President Trump’s Corporatism
Despite regularly denouncing the rising socialist menace, President Trump has been pursuing a policy arguably just as, if not more, dangerous to liberty and prosperity as anything proposed by Zohran Mamdani or Bernie Sanders: using government funds to purchase partial ownership of private companies. The Trump administration has obtained ownership interests of approximately 27 billion […]
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Jun 28, 2026 / Dave DeCamp
Ghalibaf Says Iran Won’t Stop Pushing for Full Israeli Withdrawal from Lebanon
Iranian Parliament Speaker Mohammad Bagher Ghalibaf reaffirmed on Sunday that Tehran will continue pushing for a full Israeli withdrawal from south Lebanon following the signing of a new “framework agreement” between Israel and the Lebanese government. “Our goal is to end the war in Lebanon, [help] return of refugees to their homes, end the occupation […]
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