[exit82]

Javier Blas
@JavierBlas
· 4h

OIL MARKET: According to preliminary DoE data, the US released 6.9 million barrels of crude from its Strategic Petroleum Reserve last week (~985,000 b/d).

The latest weekly release has pushed the SPR below the 500 million barrels mark for the first time since 1986 | #OOTT

[exit82]

zerohedge
@zerohedge
·
14m

RUSSIA’S MEDVEDEV: ANY ATTEMPTS TO INFRINGE UPON CRIMEA BY A NATO COUNTRY IS A DECLARATION OF WAR WHICH COULD LEAD TO WORLD WAR 3

[jennychase]

https://finance.yahoo.com/news/inflation-middle-class-spending-price-pay-wallet-fuel-gas-pump-vehicle-income-group-utility-204332165.html

Inflation is hitting America’s middle class particularly hard, BofA finds
The middle class is hurting the most because of their “greater wallet share” in two main industries — motor fuel and automobiles. These industries constituted 12.6% of combined spending among middle-income households, according to BofA.

According to the CPI report, the biggest inflation was seen in motor fuel with prices up nearly 50% YoY in May. Similarly, prices for new and used vehicles were also up a strong 14% YoY.

[Jane Long]

The latest weekly release has pushed the SPR below the 500 million barrels mark for the first time since 1986

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Thanks, FJB.

NOT.