The Move Crude is barely moving today — WTI sits at $91.49, up a modest 0.53% — even as Syrian authorities began destroying al-Assad-era chemical weapons stockpiles for the first time in over a decade, according to Reuters and Al Jazeera. That muted oil reaction tells you something: this is a de-escalation story, not a … Read more
The Setup Crude oil moved sharply higher on August 11, with WTI climbing 4.73% to $81.88 a barrel, even as broader risk sentiment stayed remarkably composed. The S&P 500 added 0.54% to close at a record 7,751.27, the Nasdaq gained 0.9% to 26,585.56, and the VIX ticked up only modestly to 15.29 — still a … Read more
The United Arab Emirates’ withdrawal from OPEC, effective immediately, marks the cartel’s most significant defection since Qatar in 2019—but this time the geopolitical and market implications run deeper. With 3.2 million barrels per day of current production capacity and credible plans to reach 5 million bpd by 2027, the UAE isn’t leaving to protest policy. … Read more