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Tag: USD 100

OKX Ventures Invests in Orbiter Finance’s Decentralized Layer 2 Protocol

OKX Ventures, the investment arm of the prominent crypto exchange and Web3 technology company OKX, has recently announced a strategic investment in Orbiter Finance,...

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NFTs: Digital Assets and Their Copyright Protection

NFT corresponds to the acquisition of an authentic murals. This means that the one who buys it acknowledges authorized possession of the digital asset...

Major Bank U-turns on Bitcoin With $100,000 Price Prediction

In a note published on April 24, Standard Chartered analysts predicted that Bitcoin prices will climb to $100,000 by the end of 2024. Analyst...

Standard Chartered Bank: Crypto Winter Is Over — Bitcoin Could Reach $100K Next Year

Standard Chartered says crypto winter has ended and the price of bitcoin could reach $100K per coin by the end of next year....

The Gaming Revolution & the Rise of Investment in Esports in India 2023

The gaming industry in India has experienced tremendous growth in recent years, and it’s no wonder that major tech and gaming companies are taking...

Oil surges, lower US yields boost gold

Oil prices soar overnight Russian President Putin shocked the energy markets on Wednesday when he directed that payments for Russian natural gas by “unfriendly nations” must be paid for in roubles. The announcement and the full closure of the Caspian Pipeline Consortium’s (CPC) pipeline by Russia sent European natural gas prices 30% higher, and also aggressively […]

Oil surges, gold eases

Oil prices soar overnight Oil markets are a mess of volatility at the moment, along with my oil data feeds, as Brent crude and WTI endured another day of very choppy trading in a very wide intraday range. Brent crude gave back all its intraday gains, even after API Crude Inventories fell, to finish 1.85% […]

Oil gains ground, gold edges lower

Oil higher as OPEC+ falls further short of targets In a further sign that calls for OPEC+ to raise output further are a wasted effort, IEA reported that compliance with pandemic-agreed cuts rose to 136% last month, up from 129% in January. In other words, the group is not only failing to hit its quotas, […]

Chasing tails

It was another messy session overnight with energy, equities, precious metals and currencies trading in wide choppy ranges, diverging in price direction, with no unifying sense of theme emerging. Markets are trying to make sense of a hawkish FOMC that announced a dovish rate hike and believes it can tighten aggressively while maintaining growth. Not […]

Oil back above USD 100, gold rallies

Oil prices edge higher Crude prices have come down enough and seem poised to stabilize above the USD 100 a barrel level until energy traders have clarity over geopolitical developments in Ukraine and with Iran nuclear deal talks.  Not enough crude demand destruction has happened to warrant prices falling below the USD 90 level and […]

Oil falls on Ukraine talks, gold slips

Oil pulls back on positive talks Oil prices have fallen considerably today, off around 7%, on optimism around the Ukraine-Russia talks. Crude is still trading above USD 100 though so there’s still a significant premium in the market as a result of the invasion and disruption to Russian supplies on the back of the sanctions. […]

Oil declines, gold rebounds

Oil goes for a wild ride Oil edged lower after a wild session as energy traders became worried that inflationary pressures will only get worse as this war continues and that will lead to crude demand destruction.  After another hot inflation report, many investors on Wall Street are growing concerned that stagflation risks could derail […]

Oil skyrockets on Russia oil ban talks, gold nearing record levels

Oil pares huge gains Crude prices skyrocketed to a 13-year high at the start of the week as energy traders were thinking the war in Ukraine could lead to an even tighter oil market as the US tries to convince the Germans to agree upon a ban of oil imports from Russia. After hitting the […]

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