Oil’s safety net is disappearing. Brent crude broke above $85 a barrel Wednesday, and West Texas Intermediate (WTI) cleared $80.
Both benchmarks have risen for three straight days as US and Iranian forces trade strikes near the Strait of Hormuz....
BitcoinWorld
U.S. Crude Inventories, Including SPR, Drop to Lowest Level Since 1984
The United States Energy Information Administration (EIA) reported a significant decline in the nation’s crude oil inventories, including those held in the...
BitcoinWorld
US SPR release and EIA demand revision cool WTI price rally expectations
The outlook for a sustained rally in West Texas Intermediate (WTI) crude oil prices has softened following two key developments: the release of crude from the...
BitcoinWorld
US Strategic Petroleum Reserve Releases Surge to Highest Level Since October 2022, Shocking Energy Markets
The United States Strategic Petroleum Reserve (SPR) has witnessed a dramatic surge in releases over the past week, reaching...
BitcoinWorld
Strategic Petroleum Reserve Release: U.S. Unleashes 172 Million Barrels to Stabilize Markets
In a significant move for global energy markets, the United States has authorized the release of 172 million barrels of crude oil from its...
Caroline Ellison, flanked by her attorneys, was sentenced to two years in prison and three years of supervised release for her role in propping up FTX and Alameda Research last week.
