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Oil prices struggle to snap 3-day losing streak despite in crude inventories

admin by admin
July 17, 2024
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Oil prices struggle to snap 3-day losing streak despite in crude inventories
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Oil futures traded flat to slightly lower, struggling to hold on to gains seen after industry data showed a large drop in U.S. crude inventories ahead of official figures due Wednesday morning.



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kobeissiletter The Kobeissi Letter @kobeissiletter ·
4h

BREAKING: OpenAI whistleblower Suchir Balaji has been found dead at age 26 in his San Francisco apartment.

Prior to his death, Balaji publicly accused OpenAI of violating US copyright law with ChatGPT.

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kobeissiletter The Kobeissi Letter @kobeissiletter ·
18h

BREAKING: MicroStrategy, $MSTR, is joining the Nasdaq 100 index.

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kobeissiletter The Kobeissi Letter @kobeissiletter ·
13 Dec

This is wild:

US Federal government spending hit a whopping $669 BILLION in November.

As a result, the 6-month average of government expenditures rose to ~$600 billion, near the highest since 2020-2021 when the most aggressive economic stimulus in history was conducted.

At the…

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kobeissiletter The Kobeissi Letter @kobeissiletter ·
13 Dec

The labor market is cracking:

New job postings on Indeed fell 38% year-over-year last week and now stand at the lowest level since August 2020.

Job postings have dropped for nearly 3 years straight and are now down 49% since the February 2022 peak.

As a result, new available…

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