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Oil Prices Hold Gains As Gasoline Stocks Hit 12 Year Lows, Cushing 'Tank Bottoms' Loom
Oil Prices Hold Gains As Gasoline Stocks Hit 12 Year Lows, Cushing 'Tank Bottoms' Loom
Brent crude prices are rising back toward $100 per barrel this morning following the latest flare-up in fighting to threaten the U.S.-Iran ceasefire
Prices rose after the U.S. military said Iran fired missiles toward Kuwait and Bahrain, which failed to hit their targets.
The United States said it then struck an Iranian military ground control station on an island in the Strait of Hormuz.
API:
Crude: -6.8MM
Cushing: -279k
Gasoline: +3.5M
Distillate: -214k
DOE:
Crude: -7.97mm - biggest draw since Feb
Cushing: -583k
Gasoline: +3.36mm -...
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Jul 15, 2026 / Tyler Durden
Permanent Switch To Daylight Saving Time Easily Passes US House
Permanent Switch To Daylight Saving Time Easily Passes US House
The movement to liberate Americans from changing their clocks twice a year cleared a key hurdle on Tuesday, as the US House of Representatives advanced the Sunshine Protection Act by a lopsided 318-117 margin. While many Americans would like to stop the spring and fall time changes, not all of them are on board with the Sunshine Protection Act's specific approach, would would make daylight saving time permanent.
President Trump has backed the proposal, and the White House issued a statement as...
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Mar 4, 2026 / Dave DeCamp
White House Says US Launched War With Iran Because Trump Had a ‘Feeling’ They Were Going to Attack
White House Press Secretary Karoline Leavitt said on Wednesday that the US launched the war with Iran because President Trump had a “feeling” that Iranian forces were going to attack first. Leavitt made the comments when pressed on the claims that there was an “imminent threat” facing the US that justified the joint US-Israeli attack […]
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Mar 4, 2026
Pentagon Tells Congress No Sign That Iran Was Going to Attack US First
"Trump administration officials acknowledged in closed-door briefings with congressional staff on Sunday that there was no intelligence suggesting Iran planned to attack U.S. forces."
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