Posted on

Judge dismisses classified docs case against Trump…….Trump urges ‘dismissal of all witch hunts’ against him

United States District Court for the Southern District of Florida Aileen Cannon dismissed on Monday the case against former President Donald Trump that charged him with taking certain classified documents from the White House when his tenure ended to his private residence of Mar-a-Lago. According to the court papers, Cannon granted Trump’s request to drop the case due to the “unlawful appointment and funding” of Special Counsel Jack Smith, who presented the charges against the former president. She determined that naming Smith to the case violated the Appointment Clause and the Appropriations Clause of the US Constitution. Smith is permitted to appeal the decision. NN; See how they run. Now that odds are Trump will win they are running scared….

Trump urges ‘dismissal of all witch hunts’ against him

Former United States President Donald Trump reacted on Monday to the dropping of the case that charged him with taking certain national classified documents when he left the White House to his residence in Mar-a-Lago by calling for the “dismissal of all the witch hunts” against him. Writing on Truth Social, Trump urged the cancellation of the cases trying his role in the raid on Capitol Hill on January 6, 2021, alleged attempts to overturn the results of the 2020 presidential election in Georgia, and the supposed financial mishaps undertaken by The Trump Organization, as well as of the two he was found guilty in, meaning E. Jean Carroll’s accusations of sexual abuse and defamation, and falsifying his business records in New York. Trump once again accused President Joe Biden and his administration of being behind these cases and called for the “end [of] all weaponization of our justice system.”

Posted on

Trump on rally shooting: I was supposed to be dead

Former United States President Donald Trump recalled his near-death experience, recounting the moment the shooting at a Pennsylvania campaign rally left him with a minor ear injury. “I’m not supposed to be here. I was supposed to be dead,” Trump told The New York Post. The former president applauded the Secret Service agents for neutralizing the shooter and their quick reaction in the running to the stage after hearing shots fired at the event. “They took him out with one shot right between the eyes,” Trump stated. “They did a fantastic job.” Reflecting on the incident, he added, “It’s surreal for all of us.” ‘Someone should have been on the roof or securing the building so no one could get on the roof,’ a former Secret Service agent with knowledge of the plans that went into securing the rally told NBC. The shooter was identified as 20-year-old Thomas Matthew Crooks. Who was an active member of the Clairton Sportsman Shooting Rang

NN: Dangerous dark forces are at work here. And I made a decision. I am not going to let them get away with this. This was an assignation ordered from the highest levels. Its a miracle trump is still lives. But that is not the whole story here. The lefty liberals know if Trump come to power its over for them and even jail. 4 criminal prosecutions could not stop him. And the debate was a disaster. We reveal the sorted affair in a BlaskMask Pod Cast titled:

Desperate Times Call For Desperate MeasuRES

 

 

 

 

 

 

Posted on

30-yr Treasury yield surpasses 2-yr yield…. Our ZEROES are getting ready

The United States 30-year Treasury yield went above the two-year Treasury yield on Monday, with the gap between the two disinvesting for the first time since January. The move comes following the events that took place over the weekend, as investors seemingly tried to assess how the attack on former United States President Donald Trump could affect the country’s political scene and upcoming elections. Meanwhile, it was reported that the US inflation cooled to 3% in June. After topping the two-year Treasury note yield, the return on the 30-year bond increased 3.6 basis points to 4.436% at 4:31 am ET, while the yield on the two-year note fell 1.7 basis points to 4.441% simultaneously. The return on the 10-year Treasury note was up 2.2 basis points to 4.208% at 4:32 am ET. NN: Sometime very soon we will start operations buying into our beloved zeroes principle portion.    

Posted on

Israel strikes UNRWA school, killing 14

Israeli forces bombed a school operated by the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) in the Nuseirat refugee camp in Gaza, killing and injuring several Palestinians, according to health officials. The Gaza media office reported an initial death toll of 14, with the number of casualties expected to grow. Another 70 are also known to be injured in the strike. This incident follows previous Israeli airstrikes on UNRWA-operated facilities amid claims of targeting Hamas, with the latest attack on a school in Gaza killing 20 just this week.

Posted on

Trump: I was shot, bullet pierced my right ear…….Trump was reportedly denied extra security before rally

Former President Donald Trump confirmed on Saturday that he was “shot with a bullet that pierced the upper part” of his right ear while at a rally in Pennsylvania. “I want to thank the United States Secret Service and all of Law Enforcement for their rapid response to the shooting that just took place in Butler, Pennsylvania,” he said on Truth Social while adding that at this moment, “nothing is known” about the shooter. “I knew immediately that something was wrong in that I heard a whizzing sound and shots and immediately felt the bullet ripping through the skin. Much bleeding took place, so I realized then what was happening,” the former president concluded

Trump was reportedly denied extra security before rally

The United States authorities reportedly denied former President Donald Trump enhanced security before an assassination attempt at his rally in Pennsylvania, the Federalist reported, citing a source familiar with Trump’s security detail. According to the media outlet, Trump’s security team had requested additional protection for weeks but was repeatedly turned down by the Department of Homeland Security (DHS). USSS denies this report

.NN: The  assassin was able to set up on a rooftop less than 500 feet away. This is against ALL security protocols. Something is VERT wrong here..

BlackMask Pod Cast:  Fight Fight Fight.

Posted on

Hamas pulls out of Gaza hostage deal talks……. Israeli defends operation to eliminate Hamas leader

Hamas has temporarily withdrawn from the Gaza ceasefire and hostage talks, citing Israeli “massacres” and a lack of seriousness in negotiations, AFP reported, citing Hamas political leader Ismail Haniyeh. According to the media outlet, the official already informed international mediators about halting the talks, while slamming Israel for its “continued policy of procrastination and obstruction” and attacks on unarmed civilians. The decision follows an Israeli airstrike on the Al-Mawasi area of Gaza, where displaced people were sheltering, which is said to have killed 90 Palestinians.

Israeli defends operation to eliminate Hamas leader

Israeli Foreign Minister Yisrael Katz defended on Saturday the recent operation targeting Muhammad Deif, head of Hamas’s military wing, as “more than justified.” The airstrike in the al-Mawasi area of Khan Younis aimed to eliminate high-ranking Hamas members, including Deif, who is considered a top leader in Gaza’s military-political hierarchy. Prime Minister Benjamin Netanyahu stated that while there is no certainty Deif was killed, the operation was necessary due to his involvement in severe attacks against Israelis, including the October 7 massacre. Katz emphasized Deif’s responsibility for ongoing terrorist activities. NN: Every day more and more Hamass leaders get sliced and diced… As they should Be.

Posted on

IDF confirms Hamas military chief Deif, Khan Younis brigade commander were targeted in Gaza strike today

Mohammed Deif, the commander of Hamas’s military wing, and Rafa’a Salameh, the commander of Hamas’s Khan Younis Brigade, were the target of the IDF’s airstrike in the southern Gaza Strip this morning, the IDF confirms. The pair were in a low building between the al-Mawasi area and Khan Younis, in a civilian environment, but not in a tent camp for displaced Palestinians. Several dozen more Hamas operatives were also in the area of the site when it was targeted, including guards, military sources say. The al-Mawasi and western Khan Younis areas are part of the Israeli-designated humanitarian zone, but the IDF says the strike was accurate and only targeted the Hamas site.

According to the IDF’s assessments, no Israeli hostages were held at the site when the strike was carried out. The military is still waiting for intelligence to confirm that Deif and Salameh were killed in the strike. The Hamas-run health ministry in Gaza Says at least 71 were killed and 289 were wounded in the strike. It is unclear how many among them are civilians. NN: What is not general knowledge is slowly the IDF is driving the rats out of their tunnel. As the water is shut off, the generators run out of fuel and the stink rises. And as they emerge they are being sent  to their waiting virgins. Along with their human sheilds.

Posted on

OPEC+ Cuts and Demand Woes Keep Oil Prices in Narrow Trading Range

Oil prices have remained in a narrow $75 to $90 a barrel trading range since the end of 2022, as the OPEC+ group continues to keep supply off the market. Still, often-resurfacing concerns about global oil demand have dampened bullish sentiment.  After spiking to above $100 a barrel in the wake of the Russian invasion of Ukraine in early 2022, Brent Crude prices have traded between $75 and $90 per barrel since the end of 2022, LSEG data cited by Reuters showed on Friday. While the OPEC+ alliance is keeping a floor under oil prices with its continued policy to withhold some supply from the market, the greater spare capacity of its members has been reassuring traders that the group could handle a sudden outage in production. The larger spare capacity has kept prices in check even after a second war erupted in 2023, in the Middle East, no less.  OPEC+ has largely managed to keep oil in a range of around $80 per barrel for the past 20 months.  It has moved to act with more cuts when prices dipped in the $70s for longer periods of time. But prices haven’t been close to reaching the triple digits since the end of 2022, largely due to concerns about the global economy, rising interest rates, and anxiety over tepid demand for oil in the world’s top crude importer, China. “Today we see a well-supplied oil market with a rather pronounced stagnation of demand in the Western world and China,” Norbert Ruecker, an analyst at Julius Baer, told Reuters. Earlier this week, ING said that OPEC+ oil production policy is still the critical factor in determining the state of the oil markets. ING expects oil prices will peak in the third quarter before trending lower towards the end of the year and into 2025. Their forecast for Brent crude stands at $88 per barrel for the third quarter of 2024, dropping to $80 per barrel for the full year 2025. The key risk to this outlook is if OPEC+ decides to maintain the full extent of its cuts, which could prolong the market deficit into 2025. NN: OPEC members are demanding  to produce more oil.

Posted on

Oil Prices Up on Crude Draw

Crude oil prices went higher  after the U.S. Energy Information Administration reported an inventory draw of 3.4 million barrels for the week to July 5. This compared with a massive draw of 12.2 million barrels for the previous week. The American Petroleum Institute reported on Tuesday an estimated inventory draw of 1.9 million barrels for the week to July 5, strengthening the perception of a strong peak demand season in the world’s largest consumer of the commodity. The EIA, meanwhile, also reported mixed changes in fuel inventories for the week to July 5. In gasoline, the agency estimated an inventory decline of 2 million barrels for the first week of July, with production at 10.3 million barrels daily. This compared with an inventory decline of 2.2 million barrels for the last week of June, when production of gasoline averaged 10.1 million barrels daily. In middle distillates, the authority estimated an inventory build of 4.9 million barrels for the week to July 5, with production averaging 5.1 million barrels daily. This compared with an inventory draw of 1.5 million barrels for the previous week, when production of the fuel averaged 5.1 million barrels daily. Oil prices, meanwhile following the release of weaker than expected economic data from China. The data in question was June inflation, which came in lower than expected, fueling worry about consumer demand in the world’s largest oil importer. Be that as it may, prices increased for the fifth month in a row, at 0.2%, from May’s 0.3%. Benchmarks remained depressed even after OPEC released its latest monthly report, reiterating expectations of robust demand for the commodity, keeping its growth forecast at 2.2 million bpd this year. Oil prices also lost the temporary upward potential offered by Hurricane Beryl after oil companies with Gulf Coast operations signaled they had weathered the storm with little damage. Prices had inched higher following a Fed chairman testimony in Senate, which reinforced expectations of a rate cut later in the year although Jerome Powell signaled the central bank will not rush into cuts until it was confident the economy could handle them.

ADVERTISEMENT

*/ ?>

 

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com

Posted on

Standard Chartered: Oil Demand Growth Will Decelerate in the Coming Months

  • Standard Chartered: the recent pullback in oil was caused by short-term profit taking, as well as bearish technicals.
  • StanChart thinks global oil demand is already strong and will decelerate to a more sustainable pace over the next couple of months.
  • The EIA thinks oil demand growth is curently weak but will strengthen in the coming months

On Wednesday, OPEC released its latest Monthly Oil Market Report (MOMR) wherein it stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, citing resilient economic growth and a strong rebound in air travel in the summer months. OPEC sees global oil demand rising by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025, virtually unchanged from its January forecasts. Unfortunately, other energy agencies have not been quite as consistent, with views on 2024 global oil demand growth moving further apart in recent months. On the same day that OPEC published its report, Standard Chartered released its weekly commodity outlook while the U.S. Energy Information Administration released its Short-Term Energy Outlook (STEO). According to Standard Chartered, May oil demand growth clocked in at a robust 1.787 mb/d Y/Y; in sharp contrast, the EIA has reported May growth came in at just 0.147 mb/d Y/Y. Further, StanChart sees 2024 demand peaking at 104.37 mb/d in August whereas the EIA has predicted that demand will accelerate to 2.083 mb/d in December, reaching an all-time high of 105.03 mb/d in the final month of the year. In other words, StanChart thinks global oil demand is already strong and will decelerate to a more sustainable pace as the months roll on whereas the EIA thinks oil demand growth is weak but will strengthen in coming months. Traders will be waiting for the International Energy Agency (IEA) to release its Oil Market Report (OMR) on July 11 to try and build a clearer picture of the oil demand outlook. Oil prices have pulled back sharply over the past week with front-month Brent futures falling to $85/bbl after toying with $90. However, StanChart says the upwards trend remains unbroken, with the move lower primarily due to short-term profit taking, as well as bearish technicals. A week ago, StanChart projected that global oil markets will record a deficit in Q3 that would spill over into Q4, putting further downward pressure on inventories. StanChart notes that oil market sentiment turned extremely bearish in April with speculative funds moving rapidly to the short side of the market. This negative sentiment shift was largely driven by weak U.S. transport fuel demand as per reports by the Energy Information Administration (EIA) weekly data. Media houses did not help with the narrative, with some talking about multi-decade demand-lows and predicting an imminent collapse of the U.S. economy. To wit, the EIA estimated that U.S. gasoline demand declined 4.4% Y/Y in April, triggering a rapid pivot by speculative funds towards the short side of the market. However, StanChart quickly pointed out that there appears to be a systemic downwards bias in estimates of U.S. fuel demand, with actual gasoline demand exceeding estimates in 22 of the past 24 months, while distillate demand (mainly diesel) has been revised higher in all of the past 24 months. StanChart predicted that EIA estimates for April gasoline demand were too low with actual demand likely to surprise to the upside. StanChart was recently vindicated, with April gasoline demand turning out to be at a two-month low rather than a two-decade low. On 28 June, the EIA published its Petroleum Supply Monthly (PSM) Report that contained large upward revisions for gasoline, distillates (mainly diesel) and jet fuel. The y/y demand changes were revised to -1.5% from -4.1% for gasoline, to -2.0% from -9.2% for distillates and to +5.4% from -1.0% for jet fuel. StanChart notes that the combined upward revision in transport fuel demand clocked in at 602 thousand barrels per day (kb/d), exceeding the upward revisions of 547 kb/d and 487 kb/d made to the initial September and November 2023 data, respectively.