"Next Month, Next Quarter, Next Year"

WTI Rises As Distillate Stocks Draw, Cushing Back Near 'Tank Bottoms', SPR At 43-Year Lows Oil prices are chopping sideways (to modestly higher) for the second day in a row as traders weighed the 'dark fleet' transits with renewed tensions in the Middle East further clouding the outlook for flows through the vital Strait of Hormuz. “A combination of the escalation between the UAE and Iran, coupled with a market increasingly pricing a ‘closed for longer scenario,’ keeps oil and refined products supported,” said Arne Lohmann Rasmussen, chief analyst at Global Risk...

Futures Rebound, Oil Pares Gain After Iran Declares End To Military Operations US stocks futures rebounded and oil pared much of its overnight gains, following a declaration from Iran that military operations against Israel ended after the biggest military escalation between Iran and Israel overnight. As of 8:00am ET, S&P futures rose 0.7% while those for the Nasdaq 100 climbed 1.4%, with Mag 7 stocks trading mostly higher in premarket trading ahead of Apple's WWDC keynote later today, which may boost the Mag 7 group. Chipmakers that were the hardest hit in Friday’s...

Liberal Council In UK Moves To Ban "Intimidating" National Flags Authored by Steve Watson via Modernity.news, In the latest salvo against British identity, a Liberal Democrat-run council has formally branded the simple act of flying the England flag an “act of intimidation and division” – and backed it up with a legal notice threatening residents with prosecution. Oxfordshire County Council is pushing a county-wide crackdown by on the grassroots Raise the Colours campaign, which has been putting up Union Flags and St George’s Crosses in public spaces as a straightforward show of patriotism. The...