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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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Jul 8, 2026 / Dave DeCamp
US Begins Bombing Iran for the Second Night
US Central Command said on Wednesday that the US started bombing Iran again, marking the second night of US strikes, which came after President Trump said the US-Iran Memorandum of Understanding was “over” and threatened more attacks. Iranian media reported explosions near several Iranian cities along the coast, including Bandar Abbas, Sirik, Konarak, and Chabahar, […]
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Feb 26, 2026 / Tyler Durden
Ten Cuban Nationals Aboard U.S.-Linked Speedboat Intended "Armed Infiltration For Terrorist Purposes," Cuba Claims
Ten Cuban Nationals Aboard U.S.-Linked Speedboat Intended "Armed Infiltration For Terrorist Purposes," Cuba Claims
The Cuban Embassy's official X account says a Florida-registered speedboat carrying 10 Cuban nationals residing in the U.S. entered Cuban territorial waters armed with assault rifles, body armor, improvised explosive devices, camouflage uniforms, and telescopic sights, in what the government says was a "foiled armed infiltration" into the Caribbean island nation.
Late Wednesday afternoon, the embassy's account reported that Cuban border guards aboard a vessel had fired on a U.S.-linked speedboat off Cuba's north coast, killing four...
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Mar 29, 2026 / Tyler Durden
Iran Allowing 20 More Ships Through Strait Of Hormuz, Pakistan Says
Iran Allowing 20 More Ships Through Strait Of Hormuz, Pakistan Says
Authored by Ryan Morgan via The Epoch Times,
Iran has agreed to allow 20 Pakistani-flagged ships to pass through the Strait of Hormuz unharmed, Foreign Minister Ishaq Dar announced on March 28.
Dar presented the announcement as a sign of good faith from Tehran, as Iranian forces continue to threaten commercial shipping in the Strait of Hormuz. Iran has actively targeted shipping in the region as part of its retaliation for U.S. and Israeli attacks on the leadership and military of...
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