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US Gasoline Inventories Plunging On Surging Exports, Resilient Demand
US Gasoline Inventories Plunging On Surging Exports, Resilient Demand
Prompt Brent/WTI crude nearby futures increased by 5/7% week-over-week to $105/101 as flows through the Strait of Hormuz remained very low and on limited signs of progress on a US-Iran deal.
Meanwhile, as global oil inventories collapse at a record pace yet sliding Chinese demand and strategic releases from Beijing keep crude prices relatively stable, Goldman writes that the US gasoline market has become very tight, with inventories drawing at a rapid average pace of 0.7mb/d since April 1st to 5% below their...
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Sep 28, 2026 / Tyler Durden
It's A 'McDisaster'
It's A 'McDisaster'
McDonald's shares are on pace for their worst annual decline in nearly a quarter-century after the burger chain disappointed Wall Street last week at its Investor Day, with CFO Ian Borden warning that its US business would be "slightly negative" in the third quarter.
On top of that, Wall Street analysts, including Deutsche Bank's Lauren Silberman, soured on last week's developments and said the turnaround inflection point for the quick-service Big Mac chain has been delayed.
Shares of the burger giant have fallen nearly 31% from their February high...
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Jun 29, 2026 / Tyler Durden
Futures Rise As Dip-Buyers Lift Tech Stocks
Futures Rise As Dip-Buyers Lift Tech Stocks
US equity futures are higher led by Tech as Mag7 leads the group higher and points to a reversal of last week’s profit-taking, as traders position for the end of the first half. A shortened week will likely focus on a speech from the Fed’s Warsh on Wednesday and payrolls on Thursday. As of 8:30am, S&P futures are 0.9% higher as traders bought the dip after a rotation out of this year’s top-performing stocks sent the US benchmark to its second-worst week of the...
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Jul 26, 2026 / Dave DeCamp
Ukrainian Drone Attack on Holiday Camp in Russian-Held Ukraine Kills 12: Governor
Russian officials have said that a Ukrainian drone attack on Saturday hit a holiday camp in Kyrylivka, a resort area on the Sea of Azov in the Russian-occupied part of the Zaporizhzhia Oblast, killing 12 people, including five children. “As a result of this brutal attack, 19 civilians were injured, 12 of whom died. Two […]
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