If oil is trading at $70 then why are they still draining the SPR?

Outright oil shorts have reached record highs. Squeeze incoming.

NEW: The U.S. and Iran are discussing holding the signing of the MOU, currently scheduled for Friday, as early as Wednesday. axios.com/2026/06/17/iran-de…

There were leaks last night from inside the Iranian camp that a deal was already made and that the US needed time to sway public opinion. No idea if that’s true or not, but that was a big part why oil started to trade lower. And then obviously the unofficial drafted MOU from Iranian side leaked that showed a one sided agreement, which the White House has refused. Game of chicken, back and forth. Meanwhile, production shut-in continues. Global visible onshore oil inventories continue to fall. It is what it is.

They're all screaming peace is here and the SoH is completely unlocked. But when you actually run the numbers for the 24th on Kpler, Vortexa, Windward, and S&P Global, not one of them logs more than 5 tankers crossing. What kind of complete and utter circus is this? Is this another literal replay of March 23rd and April 17th? #oott #iran

Rubio: The Iranians would be mistaken if they believed that we will offer concessions to reach a deal

Semiconductor are now 14% of the market, nearly double the dot-com peak.

Capesize spot hits another YTD High. Capesize index: 36,002 ( 507) FFAs overall Flat $NMM $SBLK $BDRY $HSHP $CMBT $GNK $PANL $SB $SHIP

REGJERINGSKVARTALETS KALDE FAKTA Prislapp: 53,5mrd. (Før budsjettsprekk) Per pult: over 10 millioner. Hvilken velferd får man kjøpt for 53,5mrd? -3 nye storsykehus -Gratis barnehage og Sfo i 10år -45 000 nye sykehjemsplasser Det vil være dobbelt så dyrt i årlige kostnader ved å bygge nytt bygg kontra og leie som i dag. Leiekost i dag: 350mill. Drift/vedlikehold: 400mill. Sikkerhet: 350mill. Totalt: 1,1mrd. Nytt kvartal: Renter av kapital: 1 007mill. Drift/vedlikehold: 550mill. Sikkerhet: 400mill. Totalt: 2,07mrd. Er det egentlig verdens dyreste kontorpult vi ønsker å bli kjent for i Norge? Eller vil vi være verdens beste land å bo i gjennom helse, utdanning og velferd? Hva mener du? Takk til @MagneBjella @Arbeiderpartiet For at jeg ble motivert for å se på galskapen. Takk til @odahaukaas for research og bistand til tweeten!

On March 27, 2026, JPMORGAN ASSET MANAGEMENT (UK) LTD has decreased its net short position in NORDIC SEMICONDUCTOR stock ( $NOD $NOD.OL ) from 2.18% to 2.09% (-0.09 percentage points) (source: Finanstilsynet)