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WTI Flat After Another Crude Draw, Distillates Stocks At Seasonal Record Lows

WTI Flat After Another Crude Draw, Distillates Stocks At Seasonal Record Lows Oil prices are flat this morning, reversing earlier gains that pushed Brent crude above $110 a barrel - 5 month highs (and WTI back above $101), as traders weighed a recovery in Middle East oil exports against persistent threats to shipping through the Strait of Hormuz and attacks targeting Saudi Arabia.. Specifically, shipping risks remained elevated as Iran's IRGC said Tuesday that two oil tankers caught fire after striking mines south of the Strait of Hormuz. “High exports do not...
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May 24, 2026 / Tyler Durden
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Trump Social Media Firm Sues Ex-Co-Founder, Claims He Gambled Away Company Cash in Wild Slot Machine Spree
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