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Crude Inventory Fell 3.9 Million Barrels Last Week - EIA Jul 16, 2025 10:32AM (Updated - July 16, 2025 10:32 AM EDT)
  • Crude Inventory -3.86M Barrels vs -666K Expected
  • Cushing 213K
  • Gasoline 3.4M vs -1.49M Expected
  • Distillate 4.17M vs -1.18M Expected

Summary of Weekly Petroleum Data for the week ending July 11, 2025

U.S. crude oil refinery inputs averaged 16.8 million barrels per day during the week ending July 11, 2025, which was 158 thousand barrels per day less than the previous week’s average. Refineries operated at 93.9% of their operable capacity... (continue reading...)


EU Proposes Draft Budget Close To €2 Trillion For 2028-2034 - Bloomberg Jul 16, 2025 08:35AM

EU Proposes Draft Budget Close To €2 Trillion For 2028-2034 - Bloomberg


First Trust shareholders approve new sub-advisor for FIXD and UCON ETFs Jul 14, 2025 04:21PM

Shareholders of First Trust Smith Opportunistic Fixed Income ETF (FIXD) and First Trust Smith Unconstrained Bond ETF (UCON) have approved a new investment sub-advisory agreement with Smith Capital Investors, LLC and a "manager of managers" structure, according to a statement from First Trust Advisors L.P.

The approval allows Smith Capital to replace TCW Investment Management Company LLC as the sub-advisor for both funds. Smith Capital began providing services under an... (continue reading...)


Bitcoin soars to all-time peak just shy of $112,000 Jul 9, 2025 04:45PM

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) -Bitcoin climbed to an all-time high near $112,000 late on Wednesday, bolstered by an increased risk appetite and persistent institutional demand as traditional financial market players embraced the world's largest cryptocurrency.

It touched a record peak of $111,988.90 and was last up 0.4% at $111,259. Since the beginning of the year, bitcoin has advanced more than 18%.

"Bitcoin is... (continue reading...)


Trump Media files for cryptocurrency ETF with SEC Jul 8, 2025 08:37AM

Trump Media and Technology Group Corp. (NASDAQ: DJT) filed a registration statement with the Securities and Exchange Commission for the Truth Social Crypto Blue Chip ETF, according to a company statement.

The ETF will hold five cryptocurrencies directly: Bitcoin (70% of assets), Ether (15%), Solana (8%), Cronos (5%), and Ripple (2%). The fund aims to reflect the price performance of these digital assets.

Crypto.com will serve as the ETF's digital asset custodian and prime... (continue reading...)


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