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WTI Extends Losses Despite Cushing Stocks Tumbling To 6-Month Lows | ZeroHedge

Oil prices are lower this morning – following bond yields, bitcoin and big-cap all lower post-CPI – erasing the small gains overnight following API's reported big crude draw.

For now, the official DOE data will likely decide the next leg.

API

  • Crude: -5.2mm

  • Cushing: -2.277mm

  • Gasoline: -3.689mm

  • Distillate: +612k

DOE

  • Crude: +1.36mm

  • Cushing: -1.665mm

  • Gasoline: -2.894mm

  • Distillate: -1.673mm (more…)

Continue ReadingWTI Extends Losses Despite Cushing Stocks Tumbling To 6-Month Lows | ZeroHedge

Market Headwinds Force Owners To Hit The Brakes On EV Projects | ZeroHedge

By Sebatian Obando of ConstructionDive

Once a bustling site poised to power the electric vehicle revolution, a $2.6 billion battery factory under construction in Lansing, Michigan, now sits at a near standstill, its future frozen as economic headwinds stall its progress.

LG Energy Solution paused a portion of its $5.5 billion battery manufacturing complex in Queen Creek, Arizona, earlier this summer due to market conditions, according to the company. Courtesy of LG Energy Solution

EV (more…)

Continue ReadingMarket Headwinds Force Owners To Hit The Brakes On EV Projects | ZeroHedge