Category: Geopolitical News

WTI Fades From Cycle Highs After Disappointing Inventory Data

Oil prices are continuing their recent acceleration this morning, with WTI above $66.50, after the International Energy Agency said a record glut built up last year is gone. Last night’s surprise gasoline build from API did nothing to shake confidence in demand returning (crude stocks dropped as expected). It wasn’t all positive though as IEA…

Liz Cheney Ousted From Leadership Post By House Republicans

House Republicans voted to oust Rep. Liz Cheney (R-WY) as conference chair in a Wednesday morning vote, following months of brewing friction over her constant criticisms of former President Trump, according to Axios, citing two sources in the room. The decision was made by voice vote – which means there will be no accounting for…