US Running Out of Emergency Oil - The SPR Hits 40-Year Low
The crack spread is rising and continues to widen even as crude prices fall.
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crispy — well clear of luck. Provisional — too few graded calls to mean much. This does not predict their next call. We tested whether it does and it does not. Our scoring is not financial advice.
Most coveredOil prices 3 →Crude oil 2 →UK mortgage rates / interest rates 2 →
The crack spread is rising and continues to widen even as crude prices fall.
Oil prices are too low relative to the physical shortfall — with the SPR near its floor and Hormuz disrupted, prices should rise (short-term upside implied by the 'something has to give' framing).
Nvidia's trillion-dollar valuation is part of an AI bubble that is starting to crack and cannot be justified by future growth.
Oil prices are rising due to new turmoil in the Gulf.
Mortgage rates and interest rates will increase.
Oil has soared 40% in a week to over $100/barrel and the crisis could be worse than expected, implying further upside/continued elevated prices.
Since the air strikes, oil and gas prices have shot up and remain elevated.
Oil and gas prices have plummeted and remain below pre-2022 levels.
The dollar has been overvalued for years and there may still be a long way for it to slide further.
The US stock market is in a bubble built on a house of cards, with a collapse potentially coming.
UK gilt yields remain elevated versus peers due to a persistent 'moron premium' from markets lacking faith in long-term UK economic strategy.
The Nasdaq near record highs is an AI-driven bubble and a coming crash will shock the global economy.