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WTI Tops $101 As Strategic Petroleum Reserve Nears Record Low
WTI Tops $101 As Strategic Petroleum Reserve Nears Record Low
Following Brent's lead (which is following Shanghai's demand push), WTI topped $100 this morning for the first time since May, fueled by festering Middle East hostilities (with Saudi-Houthi attacks stealing the headlines) and the Saudis latest statement showing crude output at a 36-year low.
That suggests the market is transitioning to a regime where $100 Brent is the new floor.
"The economic dimension is crucial," said Andreas Krieg, a Gulf expert from King's College London.
"Saudi Arabia is already contending with disruptions near...
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Nov 14, 2026 / Tyler Durden
Who Whacked Jensen Huang? The CIA Wasn't Convinced - So Rubio Reworked Their Memo
Who Whacked Jensen Huang? The CIA Wasn't Convinced - So Rubio Reworked Their Memo
The classified memo whose leak set off Jensen Huang's fall at Nvidia was Marco Rubio's work, and Rubio built it from a CIA report that he recast "in his own more assertive terms," according to a person familiar with the matter who spoke to the Washington Post for a report published Friday.According to the report, CIA officials are "not yet convinced" that the intelligence gathered on Alice Huang - including intercepted communications - show she was...
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Apr 23, 2026 / Tyler Durden
Trump Says Not Anxious, 'All The Time In The World' To End War, As Freeze On US Negotiations Endures
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Mamdani-Backed Candidates Win New York House Primaries
Mamdani-Backed Candidates Win New York House Primaries
Authored by Nicholas Zifcak & Jackson Richman via The Epoch Times,
All three candidates endorsed by New York City Mayor Zohran Mamdani won their closely-watched House primary races on Tuesday, handing the democratic socialist a victory in his bid to move his party more to the left.
Democratic congressional candidate Brad Lander (R) arrives with New York City Mayor Zohran Mamdani for an election night watch party in New York City on June 23, 2026. Ryan Murphy/AP Photo
On the job for fewer than six months,...
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