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WTI Extends Gains As Crude Stocks See Biggest Draw Since December | ZeroHedge

Crude prices are higher this morning on signs of progress in trade talks between the US and EU and the API report of a major drawdown in American crude inventories (despite product builds).

Geopolitical tensions continue to drive prices more aggressively as the possibility of a Putin-Zelensky meeting came and went and Iranian peace deal talks stumble.

The big question for traders is – will the official data confirm API's drawdown?

API

Continue ReadingWTI Extends Gains As Crude Stocks See Biggest Draw Since December | ZeroHedge

EU Tech Laws Erect Digital Iron Curtain | ZeroHedge

Authored by Cláudia Ascensão Nunes via TheDailyEconomy.org,

Over the past decades, Europe has created little of real relevance in terms of technological platforms, social networks, operating systems, or search engines.

In contrast, it has built an extensive regulatory apparatus designed to limit and punish those who have actually innovated.

Rather than producing its own alternatives to American tech giants, the EU has chosen to suffocate existing ones through regulations such (more…)

Continue ReadingEU Tech Laws Erect Digital Iron Curtain | ZeroHedge

US Sanctions Threaten Europe’s Russian Gas Lifeline | ZeroHedge

Authored by Cyril Widdershoven via OilPrice.com,

  • Despite public rhetoric, Europe’s reliance on Russian energy remains substantial.

  • A proposed bipartisan U.S. Senate bill could reshape global energy trade, imposing massive 500% tariffs on countries importing Russian fossil fuels.

  • European leaders face mounting pressure to act decisively, as ongoing energy imports continue to fund Russia’s war in Ukraine.

Despite European politicians' efforts to reduce (more…)

Continue ReadingUS Sanctions Threaten Europe’s Russian Gas Lifeline | ZeroHedge