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Sun, Oct 11, 2026 12:18 PM All times are UTC

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US crude oil stocks continue to rise, but gasoline inventories leveling off

Mar 11, 2015 18:30 pm UTC| Commentary

Sources - EIA, Thomson DatastreamThe EIAs weekly US Petroleum Report, released earlier today, shows that stocks of oil rose again last week. And, rather repetitively now, this is the seventh consecutive week that oil...

WTI range lows are vulnerable

Mar 11, 2015 18:17 pm UTC| Commentary

BofA Merrill Lynch notes in a report on Wednesday: Since peaking on Feb-03 at 55.05 (basis CLJ5) WTI has fallen into a month long range. That range has been characterized by persistent lower highs. This makes the range...

ESH5 pullback has reached the downside support zone

Mar 11, 2015 18:15 pm UTC| Commentary

BofA Merrill Lynch notes in a report on Wednesday: The ESH5 pullback has reached the downside support zone between 2062.50 (old Jan highs) and 2036.50 (Feb-09 low), with the CASH Index reaching the 100d at...

US 5yr yields set to resume higher

Mar 11, 2015 18:11 pm UTC| Commentary

BofA Merrill Lynch notes in a report on Wednesday: We remain bearish US Treasuries and short TYM5. Turning to 5yr yields, we look for a near term base from 1.572%/1.561% (6wk trendline resistance and the 21d), from...

Stay Bullish USD/CAD

Mar 11, 2015 18:05 pm UTC| Commentary

BofA Merrill Lynch notes in a report on Wednesday: We remain bullish USD/CAD for 1.3035 and eventually beyond. Pullbacks should be limited to 1.2566 (pivot since Mar-02 and old Triangle resistance, now support). It...

GBP/USD poised to resume lower

Mar 11, 2015 18:04 pm UTC| Commentary

BofA Merrill Lynch notes in a report on Wednesday: With the US $ bull trend intact, our attention turns to GBP/USD. It has just broken down from its 3d contracting range; resuming its larger bear trend in the...

Oil Market Update

Mar 11, 2015 17:49 pm UTC| Commentary

Oil prices dropped by 60% from June 2014 to mid-January. The recent rebound in oil prices has been triggered by expectations that a falling number of rigs hired by the US shale industry and sharp cuts in oil companies...

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Economy

Trump Secures Russian Diesel Deal as US Fuel Prices Surge

US President Donald Trump announced Friday that Russia had agreed to immediately supply diesel to American and global markets, aiming to ease soaring fuel prices ahead of the November 3 midterm elections. However, energy...

Gold Prices Hit One-Week High as Oil Falls, Fed Rate Outlook Weighed

Gold prices climbed for a second consecutive session on Friday, reaching a one-week high as declining oil prices strengthened demand for the precious metal. Investors also assessed the Federal Reserves interest rate...

US Dollar Rises for Fourth Week as Fed Rate Hike Bets Grow

The U.S. dollar extended its winning streak to four consecutive weeks, supported by expectations of additional Federal Reserve interest rate hikes and growing concerns over Europes fiscal stability. Meanwhile, the euro...

Oil Prices Slip as Trump Rules Out Iran Strike Before Midterms

Oil prices edged lower on Friday after U.S. President Donald Trump said Washington would not launch military strikes against Iran before the November midterm elections, easing concerns over potential disruptions to Middle...

Asian Stocks Mixed as OpenAI Revenue Concerns Hit Chipmakers

Asian stock markets traded unevenly on Friday as semiconductor shares declined following fresh concerns about OpenAIs revenue outlook, while rising oil prices and volatile bond markets weighed on investor sentiment. The...

Politics

Flydubai Co-Pilot Planned Suicide Attack on Israel Airport, UAE Says

An Omani flydubai co-pilot allegedly planned to hijack a Dubai-Tel Aviv flight and crash the aircraft into a terminal at Israels Ben Gurion Airport in a suicide attack on September 30, according to UAE prosecutors. UAE...

Trump Sanctions International Criminal Court, Sparking EU Backlash

US President Donald Trumps administration imposed sweeping sanctions on the International Criminal Court (ICC) on Friday, escalating tensions with European allies and raising concerns over the future of international...

JD Vance Questions Pentagon Plan to Livestream Fort Hood Shooter’s Execution

US Vice President JD Vance expressed uncertainty Friday over the Pentagons controversial plan to livestream the execution of Nidal Hasan, the former Army psychiatrist convicted of killing 13 people in the 2009 Fort Hood...

Trump Cancels Alabama Football Trip as Hurricane Isaias Approaches

US President Donald Trump canceled his planned visit to Alabama on Saturday to attend a highly anticipated college football game between Georgia and Alabama, citing safety concerns as Hurricane Isaias approaches the Gulf...

Zelenskiy Slams US-Russia Diesel Deal as Funding War

Ukrainian President Volodymyr Zelenskiy has strongly criticized a new US-Russia diesel supply agreement, warning that the deal could provide Moscow with additional financial resources to sustain its ongoing war against...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Robinhood Chain Eyes Priority Gas Auctions for Faster Trades

Robinhood Chain, the Ethereum Layer-2 blockchain designed for tokenized real-world assets (RWAs), is reportedly considering a new transaction-ordering system that would allow traders to pay additional fees for faster trade...

Zcash Plans Quantum-Resistant Security Upgrade for January

Zcash (ZEC) developers are preparing to introduce quantum-resistant security features in January 2027, aiming to protect cryptocurrency wallets against potential threats from advanced quantum computing and artificial...

Apple Cuts iPhone 18 Pro Production Orders Amid Weak Demand

Apple Inc. (NASDAQ: AAPL) has reportedly instructed several suppliers to reduce component production for its newly released iPhone 18 Pro and iPhone 18 Pro Max, signaling potential challenges for the companys latest...

OpenAI Revenue Hits $50 Billion, Below Earlier $70 Billion Estimate

OpenAI has informed investors that its annualized revenue reached nearly $50 billion in September, significantly below the $70 billion previously indicated, according to a Reuters report on Thursday. The revised figure...

Trump Buys Up to $25M in Meta Stock, Invests in SpaceX Debt

Meta Platforms (NASDAQ: META) shares briefly climbed more than 1% after President Donald Trumps latest financial disclosure revealed a stock purchase worth up to $25 million. The shares later trimmed their gains as...