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WTI Holds Gains After API Reports Big Crude Draw, Product Builds | ZeroHedge

Oil prices actually rallied today, reversing a tumble the previous day that was kicked off by Saudi Arabia trimming its official selling prices.

Underpinning the rebound are continued attacks on merchant shipping in the Red Sea and shutdowns of major oil fields in Libya.

Crude prices have also tracked the trajectory of equity markets as they pared their losses for the day.

API

  • Crude -5.125mm (-600k exp)

  • Cushing -625k

  • Gasoline +4.896mm (+2.1mm exp) (more…)

Continue ReadingWTI Holds Gains After API Reports Big Crude Draw, Product Builds | ZeroHedge

French Legislation Weakens Clean Energy Commitments And Favors Nuclear | ZeroHedge

Authored by Mike Shedlock via MishTalk.com,

Cheers to France if pending legislation passes as currently written. It effectively scraps most hard commitments and turns more towards nuclear power…

Preliminary Bill relating to Energy Sovereignty

Please consider a Google translation of a Preliminary Bill relating to Energy Sovereignty

Four Key Things

  • The wording of this preliminary bill relating to energy sovereignty is of course not final. It can still (more…)

    • Continue ReadingFrench Legislation Weakens Clean Energy Commitments And Favors Nuclear | ZeroHedge