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Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports
Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports
Yesterday when discussing China's unexpected flip-flopping on its decision to order local banks to ignore the latest US sanctions on Chinese, followed days later by a demand that they pause loans to sanctions refiners, we highlighted something remarkable: in the aftermath of the Strait of Hormuz blockade, which throttled the transit of ~10% of global oil and sent physical prices soaring to record highs (especially for Dubai crude), resulting in a windfall for European refiners thanks...
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May 6, 2026 / Kyle Anzalone
Trump Threatens to Resume Bombing Iran If Tehran Declines Latest Offer
President Donald Trump said that if Iran declines his latest proposal to end the war, the US will break the ceasefire and restart the bombing. “Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective […]
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May 22, 2026 / Tyler Durden
Mortgage Rates Hit 9-Month High, Freezing Out Homebuyers In Peak Season
Mortgage Rates Hit 9-Month High, Freezing Out Homebuyers In Peak Season
The average rate on a 30-year fixed mortgage climbed to its highest level since August, threatening to derail the spring selling season as higher Treasury yields and renewed inflation pressure push loan costs higher and freeze more prospective buyers out of the market.
Freddie Mac data released Thursday show the 30-year fixed mortgage rate for the week ending May 21 jumped to 6.51% from 6.36%, the highest rate since Aug. 28, 2025.
Soaring mortgage rates stem from turmoil in the Gulf...
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Jun 4, 2026 / Tyler Durden
Flesh-Eating Screwworm Detected In Texas, Threatening Already-Strained U.S. Cattle Herd
Flesh-Eating Screwworm Detected In Texas, Threatening Already-Strained U.S. Cattle Herd
Concerns over the New World screwworm (NWS) have been building for the last 12 months as the deadly cattle parasite spread through Mexico and the Trump administration attempted to prevent its spread into the U.S. Those concerns have now turned into red alerts after the USDA confirmed a single case in Texas, marking the first U.S. detection in years.
"A case of NWS may have been detected in South Texas. The sample is now at USDA's National Veterinary Services Laboratories (NVSL)...
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