ENERGY

Oil prices have extended their losses from yesterday with WTI back below $74 following last night's unexpected crude inventory build reported by API. Technicals are also weighing on crude prices after WTI triggered a 'death cross'…

Crude had risen about 8% since its December low as Houthi attacks on vessels in the Red Sea forced tankers and other ships to divert on longer voyages, boosting costs.

Despite a US-led task force to protect the key waterway, (more…)

Authored by Tom Albanese via RealClear Wire,

The world is becoming increasingly electric and connected, transitioning towards a future powered by batteries and running on electronics that will require an ever-growing supply of critical minerals and materials. From the Ford F-150 Lightning to the F-35 fighter jet, these minera (more…)

Oil prices pumped and dumped today after Yemen's Iran-backed Houthi rebel militia's attacks on tankers sparked supply concerns overnight which were then completely forgotten about as US Treasury yields puked lower during the day (and Maesrk reportedly scheduling several dozen ships to move through the Suez Canal, suggesting that the world’s leading shipping firm is not afraid of the Houthi attacks – or at least is hopeful about US protection).

Meanwhile, demand concerns (more…)