Trump Orders Heavy Attack On Energy-Related Targets In Iran, To Commence This Weekend

Tailing 10Y Auction Prices At Highest Yield Since 2007 When discussing yesterday's stellar 3Y auction, we said that the impressive demand for 3 year paper indicated that nobody was worried about today's CPI print... and as we learned this morning, that was justified, since the CPI came in right as expected. And since inflation is tame, and the labor market is not overheating, virtually nobody were worried that today's 10Y auction would have any issues finding new holders. Well, they were right: moments ago the US sold $42 billion in...

BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up The national average for 87-octane gasoline has remained above the politically sensitive $4-a-gallon level for two straight weeks after the largest monthly jump in AAA data going back two decades. The fuel shock has Wall Street analysts focused on whether surging pump prices will begin crowding out discretionary spending. Bank of America CFO Alastair Borthwick told analysts on a conference call earlier today that the fuel shock at the pump has not undermined overall consumer strength so far, though...

Russia Scrambles To Restore Fuel Supplies As Refineries Resume Operations By Charles Kennedy of OilPrice.com Amid the ongoing fuel crisis in Russia, authorities are rushing to ease concerns that the shortages are worsening. Russia has been suffering from a gasoline and diesel crunch since the spring, when Ukraine intensified its drone attacks at Russian refineries, aiming to cripple fuel supply to the front lines and to the domestic Russian market. The drone hits on refineries, including deep into Russian territory more than 1,000 miles from the border with Ukraine, have become a nearly...