2020-5-6 02:06 |
Oil prices are gaining momentum, but the same supply issues that pushed the commodity below $0 still exist despite easing lockdowns. The post Here’s Why Oil Prices Will Never Recover appeared first on CCN.com origin »
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Quick Take The intricate relationship between crude oil prices and unemployment is a subject of close examination in the current economic landscape. Oil prices are on an upward trajectory, currently around $80 per barrel, a notable increase from the $66 per barrel seen in March.
2023-7-27 01:00 | |
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The rise in production from the U.S. shale oil sector has been slower than expected even as prices approach $120 per barrel.
2022-6-7 09:00 | |
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The Bitcoin educator discussed the impact of the drop in oil prices on electricity... The post A drop in oil prices will benefit crypto miners in the US and China, Antonopoulos claims appeared first on Coin Journal.
2020-6-1 17:13 | |
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Bitcoin was forced to retreat from the low-$7,000s on Tuesday following an unprecedented fall in crude oil prices. This was expected, though, considering a sharp drop in oil prices almost always has repercussions for most other major asset classes.
2020-4-22 10:55 | |
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Oil prices won't see a meaningful recovery any time soon as the price war between Saudi Arabia and Russia will likely continue for months. The post Oil Prices Could Crash Below $10 Despite Trump Tariff Hype appeared first on CCN.com
2020-4-6 20:00 | |
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Oil prices face a perfect storm of falling demand and increasing supply. One Wall Street analyst thinks prices could go below zero. The post This Is How Oil Prices Can Crash Below $0 (Yes, Really) appeared first on CCN.com
2020-3-19 02:06 | |
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Lower oil prices could reduce production costs for farmers. It could, however, weigh on biofuel producers who use corn and vegetable oils as feedstock.
2020-3-18 14:00 | |
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The decline in oil prices is reminiscent of episodes in 1985-86 and 2014-16 when supply increased, with an additional element of falling demand.
2020-3-14 13:00 | |
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Recent news of the collapse of an agreement between OPEC and Russia to support oil prices has rocked markets today. Many market observers believe that the sudden plunges will force central banks around the world to print more money.
2020-3-10 18:15 | |
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Shares around the world had their worst day since the 2008 financial crisis leading the day to be dubbed “Black Monday. ” The main US financial indexes closed down by over 7% as a row between Saudi Arabia and Russia saw oil prices plunge.
2020-3-10 16:29 | |
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In yet another sudden drop in prices, Bitcoin tanked hard, going as low as $7,685 last week, a level last seen in early January. From a 2020 high of above $10,500 on Feb. 13, bitcoin has crashed nearly 27% in value.
2020-3-10 21:26 | |
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The sharp decline in oil prices may impact economics, politics, and related markets across the globe. Here's a historical perspective on two previous declines.
2020-3-10 16:48 | |
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The price of oil has collapsed this year, down more than 30%. Brent crude closed Friday at a multi-year low of $45. 27, a 9% reduction, and West Texas Intermediate fell more than 10%. [CNBC] The declines appear to be based on a painful set of circumstances that have dealt a one-two punch to the industry.
2020-3-9 00:17 | |
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Coinspeaker OPEC+ Fails to Reach Consensus on Cutting Oil Production, Crude Prices Fall to 2017 LowsAs crude prices went tumbling down, OPEC and non-OPEC members met on Friday for discussing the cutdown on oil production to control the price.
2020-3-7 17:43 | |
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The price of oil is under pressure again, as Syria and Libya join forces to combat Turkish aggression on their soils. The post Oil Prices Hang in the Balance as Unlikely Alliance Rattles Middle East appeared first on CCN.com
2020-3-5 23:33 | |
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Both oil and Bitcoin prices have taken a massive hit over the past week, as coronavirus fears have pulled the plug on economic growth. Oil prices dropped a staggering 5% to close the week at a 14-month low, and Bitcoin declined nearly 20% in the same term.
2020-3-2 04:14 | |
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U.S. oil prices plunged below $50 a barrel on Tuesday after the International Energy Agency revised down its forecast for global energy demand. The post Oil Crash Intensifies Following Dire Warning from Energy Watchdog appeared first on CCN.com
2020-2-26 01:11 | |
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For skeptics and traditional market investors, bitcoin is synonymous with extreme bouts of price volatility. However, in recent times, oil has become a relatively risky asset.
2020-2-20 20:28 | |
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The economic blow back from coronavirus threatens China's economy and its vast energy consumption. Oil prices are likely headed lower as a result. The post No Hope for Oil Price Revival as Coronavirus Blunts Chinese Demand appeared first on CCN.com
2020-2-15 22:31 | |
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The Dow faded from its daily highs as the oil price slumped amid the coronavirus outbreak, and Bernie Sanders geared up for a win in Iowa. The post Dow Reverses From Its Highs as Coronavirus Flare-Up Batters Oil Prices appeared first on CCN.com
2020-2-4 23:09 | |
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Coinspeaker Shell Stock Is Down as Profit Slumps 23% Due to Similar Plunge in Prices of Oil and GasShell stock in 2019 plunged as well as the company's profit that didn't meet the expectations.
2020-1-30 15:42 | |
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Bitcoin has made further progress over the weekend in a move back to resistance at $8,600. Gold prices moved upwards also but this time oil went in the opposite direction, could this be a sign of things to come? Bitcoin Safe Haven Redux on Virus Fears Bitcoin has made around 5% since the weekend started and is back at resistance at $8,600.
2020-1-27 15:00 | |
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Ford’s stock has seen a steady decline since 2014. The inevitable recession and the possible spike in oil prices will make matters worse. The post The Next Recession Can Bankrupt Ford Motor Company appeared first on CCN.com
2020-1-15 20:53 | |
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Crude oil's volatile ride continued on Wednesday, as prices peaked at new 52-week highs before crashing again. The post Oil Prices Swing Wildly as Trump’s Sanctions Threat Against Iraq Likely to Backfire appeared first on CCN.com
2020-1-9 20:14 | |
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Twice within the past week bitcoin prices have reacted strongly to escalating geopolitical tensions reinforcing its status as a safe-haven asset. Bitcoin Surges 10% on Iranian Missile Attack Over the past couple of hours, BTC has surged to reach a seven-week high of $8,450 according to Tradingview.
2020-1-8 10:00 | |
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Coinspeaker Gold and Oil Jump amid Ongoing Geopolitical Tensions in Iran: Will Others Follow?As Donald Trump has threatened to target 52 Iranian cites and just recently organized a bombing which killed its major general Qassem Soleimani, the prices for gold and oil have jumped quite a bit.
2020-1-7 23:36 | |
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Coinspeaker Oil Price Jumps After Powerful Iran General Dies in U. S. AirstrikeOil price has responded positively to the killing of the most powerful general in Iran. Prices have jumped more than 3% and will remain so.
2020-1-3 19:15 | |
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Oil stocks are bound to rise as fears of an escalation in conflict between the US and Iran grow. Already oil prices have surged. The post These 3 Oil Stocks Will Explode as World War III Alarm Goes Off appeared first on CCN.com
2020-1-3 13:37 | |
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The 53 billion barrels of crude oil reserves that Iran has revealed would comprise about 3% of the current proven reserves in the world. More oil in the world means lower prices. Saudi Aramco’s profits have been falling with declining prices.
2019-11-12 13:53 | |
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Oil prices were flying high when the year began. OPEC and its allies decided to reduce their output to the tune of 1. 2 million barrels per day for the first six months of 2019. Consequently, the international benchmark Brent crude oil touched nearly $75 per barrel by the third week of April.
2019-10-23 19:31 | |
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U. S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos.
2019-10-3 00:45 | |
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Today has seen oil prices cool off after a massive spike on Monday put everyone in the world on alert — but motorists may need to start paying more at the gas pump. At the time of this writing, oil prices have retraced sharply from their Monday highs.
2019-9-18 19:00 | |
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Oil prices have been soaring Monday after a drone attack at Saudi Aramco’s Khurais oil field in Buqyaq, Saudi Arabia, forced the Kingdom to shut down over half of its daily production capacity. Yemen's Houthi rebels claim attacks on 2 Saudi Aramco oil facilities, Saudi Arabia's state-owned oil giant, disrupting oil output and exports.
2019-9-17 16:00 | |
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The warning by President Donald Trump that the U. S. is “locked and loaded” ready to attack Iran over suspicion that it was behind the drone attacks on refineries in Saudi Arabia not only sent crude oil prices surging but also saw upstream stocks climbing.
2019-9-17 15:13 | |
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Coinspeaker Drone Attacks On Saudi Oil Facilities Push Prices Up Depleting Global Reserves by 5%Global prices of crude oil have jumped shortly after major Saudi oil processing plants took several hits from drone attacks.
2019-9-16 11:36 | |
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Oil prices skyrocketed in early futures trading on Monday, as Saudi Arabia rushed to restore lost output following a weekend attack on the kingdom’s production fields. The attack, which was claimed by Yemen’s Houthi rebels, is considered a game-changer in Saudi Arabia’s multi-year effort to rein in its opponents to the south.
2019-9-16 02:07 | |
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In a move that shocked markets on Tuesday, Donald Trump tweeted that he had removed John Bolton from the position of National Security Advisor. Oil tanked sharply, while the Dow Jones Industrial Average spiked to daily highs on the outlook for lower energy prices and brighter risk sentiment.
2019-9-12 20:43 | |
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The Dow Jones surged as much as 152 points on Friday, only to careen lower following a US dollar spike and a major sell-off in crude oil. Dow Jones Reverses as Oil Prices & Sentiment Plummet As of 12:30 pm ET, the Dow Jones Industrial Average had gained 37.
2019-8-31 19:33 | |
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The Dow and broader U. S. stock market rose on Wednesday, shrugging off early volatility as rising oil prices boosted energy shares. Global equities were much more subdued amid concerns that another trade war was unfolding between two neighboring Asian economies.
2019-8-29 22:39 | |
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The Dow and broader U. S. stock market traded mixed on Thursday, as disappointing corporate earnings and sliding oil prices dragged on investor sentiment. Dow & Nasdaq Extend Slumps Wall Street’s major indexes traded lower for most of the session on Thursday, mirroring a tepid pre-market for Dow futures.
2019-7-18 21:54 | |
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The Dow and broader U. S. stock market reversed losses on Thursday even as disappointing corporate earnings and sliding oil prices dragged on investor sentiment. Dow Pares Losses; S&P 500, Nasdaq Advance Wall Street’s major indexes traded lower for most of the session on Thursday, mirroring a tepid pre-market for Dow futures.
2019-7-19 21:54 | |
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By CCN Markets: The Dow diverged from the broader U. S. stock market on Friday and was last seen eyeing its fifth consecutive gain as rising oil prices pushed energy blue-chips higher. Dow Edges Higher; S&P 500, Nasdaq Slip The U.
2019-6-22 18:14 | |
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Commodities such as Gold and Oil are some mainstream assets which have been outperformed by Bitcoin in 2019. The world’s largest cryptocurrency has had a good 2019, surging by 150% this year after surviving a troubling crypto-winter towards the end of 2018.
2019-6-13 02:30 | |
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Digital currencies have shown gains on the day following yesterday’s correction
2019-6-1 03:45 | |
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Last year, cryptocurrency proponents either complained about the low prices or celebrated the fact they could obtain cheaper coins. 2019 has been an entirely different story, however, as digital assets have started to gain significant value in comparison to traditional assets like stocks, oil, and precious metals.
2019-5-29 02:30 | |
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After yesterday’s slump, crypto markets are showing signs of recovery, with bitcoin trading around $7,900
2019-5-24 02:30 | |
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Hut 8 Mining (named after Hut 8 in Bletchley Park, where Alan Turing broke the enigma code and accelerated the end of World War II) has just filed its audited financial statements for 2018, detailing a tight but still profitable bitcoin mining business.
2019-5-10 20:04 | |
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In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.
2019-5-8 20:07 | |
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Bitcoin [BTC], the world’s largest cryptocurrency, has had an exciting new year as a rise in its prices proved its naysayers and critics wrong. The latest report compiled by Binance Research gave more evidence to support this fact, with numbers suggesting that Bitcoin has outperformed most traditional asset classes in 2019.
2019-5-7 11:30 | |
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Coinspeaker OPEC+ Production Cuts to Impact Central Banks Fight against Inflation Reducing oil production means there will be a relative shortage in the supply of the product. OPEC+ Production Cuts to Impact Central Banks Fight against Inflation
Coinspeaker OPEC Unveils Plans to Cut Oil Production Beginning in May While Saudi Arabia said its cut is a precautionary measure that is aimed at supporting the stability of the market, experts are positive that many OPEC nations do not want to relive the crash that followed the 2008 crisis.
The past few months have brought a rollercoaster experience for the prices of cryptocurrencies. The crypto market has been hovering due to the impact of macro factors. But the past 24 hours created a new move of strength in the market.
Coinspeaker OPEC to Discuss Blockchain Technology at Upcoming Virtual WorkshopThe plausible move by OPEC to consider the integration of blockchain to bolster its supply chain is a use case of the technology with enough precedents.
Coinspeaker OPEC+ Fails to Reach Consensus on Cutting Oil Production, Crude Prices Fall to 2017 LowsAs crude prices went tumbling down, OPEC and non-OPEC members met on Friday for discussing the cutdown on oil production to control the price.
Crude oil's descent continued on Monday, as the rapid spread of coronavirus put producers on high alert for a sharp decline in demand. The post Crude Oil Crashes to 13-Month Low Amid Devastating Supply Shock appeared first on CCN.com