Ansar Allah Launches Attacks Targeting Saudi-Backed Forces in Central Yemen

WTI Dips After Big Crude Inventory Build, US Production Slows Oil prices are down overnight but playing headline roulette with every word that comes out of any leaders' (or non-leaders') mouth as ceasefire chatter (now denied) has WTI riding a roller-coaster (but below $100 once again as we write). “Flows and actions matter more than words,” said Giovanni Staunovo, a commodity analyst at UBS Group AG. And while inventory data may not be the market-moving event in this new regime, it is useful to see signs of stockpiling or demand. DOE Crude +5.45mm (+10.3mm...

Is Trump Secretly Pushing For A Deal When Iran's President Arrives In NY By Benjamin Picton, Senior Market Strategist at Rabobank  All The News That Is Not Fit To Price Political and geopolitical developments again stole the headlines over the weekend, with attendant market implications. Active European gasoil futures are lower this morning despite news that Ukraine had launched a “massive” drone attack against Moscow that had damaged a major refinery. Brent crude oil prices are also lower despite news that Donald Trump had cut short a trip to Camp David to...