"...Steamboat Geyser is erupting at unprecedented rates, matching decades-old records for the amount of scolding water spewed from the ground... continuing to be an enigma, one in which sparks fears of a massive supervolcano eruption."
President Trump is indulging in some well-deserved schadenfreude as Paris, the capitol city of his one-time "friend" Emmanuel Macron, is rocked by violent and sometimes deadly protests over proposed gas tax increases.
API reports a surprise 5.36mm barrel build in crude inventories (expectations were for a 900k draw). The 11th consecutive crude build in a row prompted a drop in WTI prices, back below $53...
"Paris shows that Western elites may be reaching the limits of their political capacity to impose major sacrifices upon their constituents, who are turning to populists of the left and right to dethrone those elites..."