European markets entered bear market territory at the start of the week as panic set in at the open in response to reports of the US looking to impose a ban on imported Russian oil. To make matters worse, the reports appeared to suggest Europe is considering similar action as well which would be a […]

Oil climbing again after another volatile session Oil prices remain extremely volatile given the backdrop of huge uncertainty around Russian exports as a result of Western sanctions. Brent came within a whisker of USD 120 on Thursday before falling more than 8%. And that was just within European trading hours. It’s trading higher again today, […]

The ongoing crisis between Russia and Ukraine may just be bringing out the best in Bitcoin. According to Bloomber strategist Mike McGlone, the conflict may mark another step in Bitcoin’s journey to becoming the primary digital store of value globally. Bitcoin is benefiting from a spike in the price of crude Bloomberg’s chief commodity strategist,

The post Russia-Ukraine Conflict Helping Bitcoin To Become Global Digital Collateral: Mike McGlone appeared first on CoinGape.

Oil Crude prices continue to drop as energy traders realize that War in Ukraine probably won’t lead to any disruptions of Russian crude to Europe.  Despite the potential for talks between Moscow and Ukraine officials, the situation in Ukraine continues to escalate as Russian forces make a move for Ukraine’s capital.  Taking over Kiev would […]

Russian-born Ethereum co-founder Vitalik Buterin posted in his mother tongue on Wednesday that Russia’s invasion of Ukraine “is a crime against the Ukrainian and Russian people.” According to the New York Times report, Russian President Vladimir Putin announced on national TV at around 6 a.m. local time the start of a “special military operation” in Ukraine […]

Read full post Vitalik Buterin calls Russia’s invasion of Ukraine a crime against the Ukrainian and Russian people. on Chaintimes.com.

Wall Street has an inflation hangover as higher rates continue to drag tech stocks down.  US stocks were trying to stabilize as yields came in. Yesterday’s inflation shocker has many bond traders believing the Fed is behind the curve and will be delivering several rate hikes.  Many Fed members feel inflation will meaningfully decelerate later […]

Crude prices remain elevated despite progress on nuclear talks Oil prices are marginally lower this morning but Brent crude remains above USD 90 and WTI is only a little shy of it. Prices rose a little on Wednesday after a couple of days of losses following the EIA inventory report, which showed a surprising 4.8 […]

Oil Crude prices seem to have a one-way ticket to $100 oil.  This week’s rally in crude was supported by the OPEC+ decision to stick to their gradual increase strategy and as US production fell again.  An artic blast is also disrupting some production in Texas and that is driving this latest price surge. Initially […]

Oil heading for USD 100? A winter storm in Texas appears to have been responsible for the latest spike in crude prices, as traders fret about the possibility of outages in the Permian Basin. In such a tight market, that’s more than enough to encourage traders to buy what was the mildest of dips following […]

Oil has sight set on USD 100 Oil prices are making decent gains again on Thursday, with Brent once more above USD 90 which is naturally leading to talk of USD 100 oil and when it will happen. The environment continues to be very bullish for oil prices, given supply issues within OPEC+, strong demand, […]

Oil Brent crude prices breached the $90 level, the highest level since 2014, joining a broad risk-on Wall Street move and shrugging off a somewhat bearish EIA crude oil inventory report.  Energy traders are anticipating higher energy prices on potential geopolitical risks and as OPEC+ will stick to their plan to deliver another modest increase […]

Oil market remains tight Crude prices initially shrugged off a mostly bearish EIA crude oil inventory report.  Shortly after the weekly oil report release, the Russian Energy ministry noted refiners continue to struggle to have minimal crude capacity offline.  The oil market remains very tight and despite the EIA’s surprise build with crude oil inventories […]