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WTI Dips As US Crude Production Hits Record High, SPR Draw Slows, Cushing Remains At 'Tank Bottoms'

WTI Dips As US Crude Production Hits Record High, SPR Draw Slows, Cushing Remains At 'Tank Bottoms' Oil prices are marginally higher overnight after President Trump reinstated the blockade on Iranian ports in the Strait of Hormuz and shipping slowed to a crawl amid the renewed warfare in the critical waterway. US Central Command said it completed a morning round of strikes on Iran that further degraded its ability to attack commercial shipping in Hormuz. It comes a day after attacks on ships that had been participating in so-called shuttle runs that...
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Jun 12, 2026 / Tyler Durden
National Mall Vandalized With '8647' Markings Ahead Of Independence Celebrations
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Sep 19, 2026 / Rep. John J. Duncan Jr.
Republicans Who Support War In Iran Are Giving Democrats Chance To Control Congress
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Apr 3, 2026 / Tyler Durden
Germany's Economy Minister Urges Nuclear Rethink As Energy Prices Surge, Growth Forecasts Slide
Germany's Economy Minister Urges Nuclear Rethink As Energy Prices Surge, Growth Forecasts Slide Germany’s Economy Minister Katherina Reiche has openly called for a fundamental reassessment of the country’s long-standing rejection of nuclear power, warning that heavy dependence on gas has left Europe’s largest economy dangerously exposed to repeated energy shocks. Speaking at the launch of a new international investor conference aimed at drawing foreign capital into Germany, Reiche told the Financial Times that the decision by previous governments to phase out nuclear generation has eliminated any realistic alternative for reliable baseload...
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