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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 20, 2026 / Kyle Anzalone
US Forces Board Iranian Tanker
US forces boarded an Iranian tanker in the Gulf of Oman that was suspected of attempting to run the blockade. Earlier today in the Gulf of Oman, U.S. Marines from the 31st Marine Expeditionary Unit boarded M/T Celestial Sea, an Iranian-flagged commercial oil tanker suspected of attempting to violate the US blockade,” US Central Command […]
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Jul 15, 2026 / Tyler Durden
Zelensky To Remove Ukraine's Reforming Young Defense Minister In Ongoing Shake-Up: Report
Zelensky To Remove Ukraine's Reforming Young Defense Minister In Ongoing Shake-Up: Report
Ukraine's 35-year old defense minister, Mykhailo Fedorov, has only been in the top military spot for six months, but amid a new Zelensky-initiated major cabinet reshuffling, the FT reports that the military's top spot has been targeted as the next leadership change.
The report has been issued just on the heels of Prime Minister Yulia Svyrydenko's surprise removal, upon which Zelensky in a statement suggested a broader government overhaul is underway. "Ukraine is changing its political strategy," he made clear.
The Ukrainian leader...
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Feb 20, 2026 / Tyler Durden
Ford Carrier Group Enters Mediterranean To Join Biggest US Build-Up Since 2003 Iraq War
Ford Carrier Group Enters Mediterranean To Join Biggest US Build-Up Since 2003 Iraq War
Open source monitors as well as US and Middle East media have confirmed that the USS Gerald R. Ford, the world’s largest aircraft carrier, has entered the Mediterranean Sea, having sailed passed the Strait of Gibraltar on Friday.
This is the second carrier strike group expected to soon operate directly in the CENTCOM area of responsibility, amid the massive military build-up and pressure campaign against Iran. It was sent from the Caribbean earlier this month, extending its planned...
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