Investors are cashing-in massive profits from the oil trade:
The United States Oil ETF, $USO, has posted -$900 million in outflows so far in April, on track for its largest monthly withdrawal since the 2009 record of -$1.2 billion.
Still, the ETF is up +2% month-to-date, after rising as much as +100% from January to early April.
This comes after +$700 million in inflows in March, the highest monthly intake since the 2020 pandemic.
By comparison, the largest monthly inflow on record was +$3.2 billion in April 2020, followed by +$2.1 billion in March 2020.
Overall, $USO has surged +91% year-to-date, on track for one of its best annual performances this century, followed by +65% in 2021 and +47% in 2007.
Oil markets have made history.
NEW: The U.S. military carried out a lethal strike on a suspected drug-trafficking vessel in the Eastern Pacific.
SOUTHCOM confirms "the vessel was transiting along known narco-trafficking routes in the Eastern Pacific and was engaged in narco-trafficking operations."
Two suspected narco-terrorists were killed, according to officials, and no U.S. forces were harmed in the operation.
A semi-truck gets stuck on the tracks—and the train is already coming.
Video shows the driver scrambling out of the cab seconds before a freight train crashes into the trailer.
The truck was weighed down by equipment and couldn’t clear the crossing in time. Authorities say no one was hurt.
A powerful tornado rips across Enid, Oklahoma — and the damage runs for miles.
Timelapse video shows the storm tearing through a roughly 10-mile path, leaving a trail of destruction.
The National Weather Service confirms several areas of EF4-level damage.
The data is in. More than 32,000 power outages have occurred in Los Angeles County area alone due to thieves stealing copper wiring
In response, the Democrat LA City Council approved a 120% hike in the streetlight maintenance assessment fees
Punishing taxpayers for criminals stealing the wiring
The new fee aims to raise $125 million annually to address a massive backlog of over 32,000 pending repair requests
The fee will also fund upgrades, replacing or repairing 200,000 streetlights citywide
Karoline Leavitt gaggles with the press for the last time before her baby girl arrives!
“I know all of you have the President’s phone number personally, so I have no doubt that you won’t have a shortage of statements and news from this building while I’m gone” @PressSec 🤣🇺🇸
I am shocked that some of my former Republican colleagues on the Oversight Committee are supporting pardoning Ghislaine Maxwell.
The Epstein survivors are adamantly against her receiving a pardon as she was one of their main abusers next to Jeffrey Epstein and they say she is a serial liar.
If Trump gives her a pardon, it sets up a very potential quid pro quo. She will owe Trump and she will lie to protect people he ask her to.
Instead the DOJ and local prosecutors with jurisdiction should be prosecuting the rich powerful elites who raped and trafficked these brave survivors when they were just teenagers and young vulnerable women.
Why is this so complicated???
@Skylarkwinter@Mr_Derivatives Precisely for this reason, we should focus more on improving the quality of our judgments, rather than pursuing absolute certainty
Nebraska can’t catch a break: The Pressey Fire in Custer county has grown overnight to 10,000 acres. The fire was active all evening.
The National Guard has been ordered and they are sending two Nebraska Air National Guard Black Hawk helicopters and a National Guard Handcrew.
The fire is burning in the Pressey State Wildlife Management Area, and quickly grew with critical fire conditions. The fire remains 0% contained. Red Flag conditions continue today.
🎥 Lisa Miladinovich and Garrett Teichmeier
Hikers race down the side of a Guatemalan volcano as it spews ash in the air and debris down its slopes.
Carlos Enrique Porres Rodas, who recorded the video, reportedly says there were no serious injuries.
🚨 NOW: One of the OLDEST churches in New York City is currently up in flames
First Reformed Church of Astoria was established in 1839.
Really hate the see this.
Praying FDNY can save this church 🙏🏻