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WTI Rises After Big Product Draws, Tiny Crude Build, SPR Nears 'Tank Bottoms'

WTI Rises After Big Product Draws, Tiny Crude Build, SPR Nears 'Tank Bottoms' Oil prices extended their declines for a third straight day after the US plan to ramp up economic pressure on Iran spared the country’s trading partners from harsher measures for now, while mediators said they were continuing efforts to end the conflict. “There was a lot of buildup around the announcement but what we got was more a warning about where policy is heading than an immediate shock to physical supply,” said Haris Khurshid, chief investment officer at...
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May 16, 2026 / Tyler Durden
41% Of Muslim Youth In Vienna Believe Their Religious Laws Take Precedence
41% Of Muslim Youth In Vienna Believe Their Religious Laws Take Precedence Via Remix News, A recent study conducted on behalf of the city of Vienna highlights a concerning trend among young Muslims regarding their religious and political views. This follows the recent announcement that Muslim children now comprise nearly 41 percent of the population in Vienna’s compulsory schools, making them the largest religious group. The study, published on May 12, 2026, was led by Kenan Güngör. He classifies the results as “very worrying,” noting that religion occupies a much larger space in...
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Jul 29, 2026 / Tyler Durden
BMW Targets 8,000 Job Cuts With New Voluntary Severance Package
BMW Targets 8,000 Job Cuts With New Voluntary Severance Package BMW shares in Germany are down 36% so far this year, as the automaker's latest forecast downgrade was described by JPMorgan analyst Jose Asumendi as a "wake-up call for the auto industry." The outlook for BMW continues to deteriorate, with Bloomberg reporting that the automaker will begin a sweeping workforce restructuring in Germany this fall. Voluntary departures in Germany are expected to account for most of the roughly 8,000 positions BMW plans to eliminate globally, equivalent to about 5% of its...
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Apr 22, 2026 / Connor O'Keeffe
Rothbard Was Right: Libertarians Must Never Warm to the Warfare State
A foreign policy that seeks to maintain a global empire is entirely incompatible with the laissez-faire, free-market system at home that many hawkish self-described libertarians claim to support.
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