COMMODITIES

America’s Emergency Oil Buffer Is Running Low Again

The US is leaning hard on the one oil buffer built for emergencies. The latest EIA data showed the SPR dropped to 357.1 million barrels last week, down another 8 million barrels. Commercial crude inventories also fell sharply, leaving total

Oil Stays Elevated as Hormuz Standoff Keeps Market Tight

The market is no longer trading hope, it is trading shortage Oil moved higher again because the market is running out of reasons to expect quick relief. The core issue has not changed. The Strait of Hormuz remains effectively shut,