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WTI Dips After Massive Crude Inventory Build, Big SPR Drain, Surge In Imports
WTI Dips After Massive Crude Inventory Build, Big SPR Drain, Surge In Imports
Oil prices are marginally lower this morning as OPEC again cut its forecast for global oil-demand growth for this year, but stalled talks to reopen the critical Strait of Hormuz waterway and risks in the Red Sea prolong disruptions to global supplies.
Physical disruptions are spreading beyond Hormuz. Refinery attacks and fires have hit Russia and Libya, while the Houthis claimed another attack on Saudi Aramco’s Jazan complex. The Red Sea has become a key alternative export route for...
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Jul 17, 2026 / credittrader
UMich Sentiment Extends Bounce From Record 46-Year-Lows As Gas Prices Ease
UMich Sentiment Extends Bounce From Record 46-Year-Lows As Gas Prices Ease
Having rebounded from record (46 year) lows in June, University of Michigan's preliminary July Sentiment survey was expected to show further improvement as gas prices fell since the US-Iran 'peace' MoU signing (before rising modestly in the last few days of the reignited conflict).
And indeed it did, headline Consumer Sentiment jumped from 49.5 to 54.4 (51.0 exp) - its highest since February...
"With the second straight month of 10% jumps," said UMich Dirctor of Surveys, Joanne Hsu, pointing out that "consumer...
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Aug 3, 2026 / Tyler Durden
'They Are United': California Democrats Move Forward With 5% Billionaire Tax
Jul 6, 2026 / Dave DeCamp
Israeli Strikes Kill Six Palestinians Across Gaza
Israeli attacks across Gaza on Monday killed at least six Palestinians as the IDF continues its constant violations of the US-backed ceasefire deal. According to Al Jazeera, at least two people were killed by a drone strike targeting a vehicle in Khan Younis, southern Gaza, and two others were killed by a strike on tents […]
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