WTI Holds Spike After Big Crude Draw, SPR Drain Continues As Cushing Stocks Stuck At 'Tank Bottoms'

Russian missiles and drones targeted multiple Ukrainian cities on Sunday, killing at least six people, in strikes that came a day after a Ukrainian drone barrage killed eight people in Russia. Russia’s Defense Ministry said that its forces intercepted 379 Ukrainian drones over multiple Russian regions on Saturday. Local officials said that seven people were […]

'The Pricking Is Coming': Dalio Warns AI Bubble Will Burst Like Dot-Com, But Tech Will Endure Bridgewater Associates founder Ray Dalio appeared on Bloomberg TV today and delivered a measured yet cautionary assessment of the artificial intelligence investment frenzy. He highlighted classic bubble dynamics - sky-high valuations, rampant speculation, and "paper wealth" vastly outpacing actual cash flows - while drawing direct parallels to the 2000 dot-com era. "All great technology changes produce bubbles," Dalio said in the Wednesday Bloomberg Television interview. "Nobody can get it exactly right. You have to either...

Is The Iran War Good For The Petrodollar? Diana Choyleva wrote an excellent editorial for the Wall Street Journal entitled “The Iran War Is A Boon For The Petrodollar.” She pushes back against claims that the Iran conflict is accelerating the death of the petrodollar. Instead, RealInvestmentAdvice.com points out that she argues the opposite: between Iran and Venezuela, the U.S. is defending and bolstering dollar dominance in the oil trade. The 75-year-old petrodollar system rests on oil being priced and traded in dollars, which keeps the dollar prominent in all global trade. China has...