@TradingThomas3 This has been going on for a long time already. Any moment now we’re about to get a solid corrective shock. We just need to reduce positions. That’s how the market works and everyone knows it.
NASA AWARDS ASTROLAB $219 MILLION AND LUNAR OUTPOST $220 MILLION TO BUILD FIRST PHASE OF LUNAR TERRAIN VEHICLES, WHILE BLUE ORIGIN RECEIVES CONTRACT WORTH UP TO $280.4 MILLION FOR MOON SOUTH POLE ROVER MISSIONS
@Jake__Wujastyk This is too simple a scenario. They’ll drag it out longer and these swings will continue. The result of these swings is clearly visible right here.
https://t.co/ocAcECxCVy
US oil inventories are collapsing:
Total US crude inventories, including the Strategic Petroleum Reserve (SPR), fell by -17.8 million barrels last week, the largest weekly drawdown in history.
Commercial crude inventories fell -7.9 million barrels, the biggest decline since mid-February.
Furthermore, the SPR alone shed -9.9 million barrels, the largest weekly drain on record.
This marks the 8th consecutive weekly decline, the longest streak in 3 years.
Since the Iran War began, 42 million barrels, or 10% of the entire US SPR, have been drained, mostly via exports to Asia.
The SPR now stands at 374 million barrels, the lowest since July 2024, leaving the US with a significantly reduced buffer against future supply shocks.
The US emergency oil cushion is disappearing faster than at any point in history.