Oil Conundrum: Record Inventory Draws And Stable Crude Prices

Age Verification PsyOp? Kids Bypass UK Government Tech With Fake Moustaches Authored by Steve Watson via Modernity.news, The UK government’s much-hyped age verification system for social media has been reduced to a joke overnight – and the punchline is being delivered by schoolkids armed with makeup pencils and fake facial hair. A damning new report from Internet Matters reveals that more than a third of UK children have already figured out how to dodge the latest “safeguards” imposed under the draconian Online Safety Act. Methods include entering fake birthdays, borrowing logins, and –...

US Manufacturing Expanded For 6th Straight Month In June As Inflation Fears Ease With 'hard data' having deteriorated recently (except in the labor market), 'soft' survey data has been surprisingly strong (especially in the Manufacturing side of the economy). S&P Global's US Manufacturing PMI dipped from multi-year highs at 55.1 to 53.9 final in June (below the 55.7 expected). ISM Manufacturing also dipped from 54.0 to 53.3 (slightly below the 53.9 exp). Both solidly above the '50' line suggesting growth... Source: Bloomberg Put simply: US manufacturing activity expanded for a sixth straight month in June as...