WTI Holds Gains Despite Biggest SPR Drawdown In 45 Year History, Production Jumped

WTI Holds Rebound Gains As US Fuel Exports Hit Record High, Production Dips, Huge SPR Drain Oil prices are lower overnight (but dramatically off their lows) amid on-again, off-again optimism of an imminent US-Iran peace deal. Benchmark Brent fell as much as 12% to $96.75 a barrel in London, while West Texas Intermediate dropped up to 13%. European natural gas plunged as much as 14%. Oil and gas later pared about half of those losses after Trump said in a Truth Social post on Wednesday that if Iran doesn’t agree, “the bombing...

Ukraine Flexes With Much Deeper Drone Reach Targeting Russia's Refineries  Ukraine has been demonstrating deeper targeting reach inside Russia, as several key oil sites have come under direct drone attack this week, resulting in significant destruction. This as President Volodymyr Zelenskyy on Wednesday announced "a new stage in the use of Ukrainian weapons to limit the potential of Russia's war." Satellite image of Perm attack aftermath, via Reuters. The massive Tuapse complex on Russia's Black Sea coast has been hit no less than three times in under a month, sparking a series of...

12-Year-Old French Girl Collapses After Judge Releases Men Arrested For Gang Raping Her In Airbnb Via Remix News, Two young men, both adults, suspected of gang rape in an Airbnb in the France’s Décines-Charpieu (Rhône), have been released from custody, shocking the family of one of the victims. The victim’s lawyer, David Metaxas, spoke on behalf of the victim’s relatives, who told LyonMag that the judge’s decision was “incomprehensible.” Not only have both men been released to roam freely in the streets, but the judge did not even issue a restriction on...