Altcoins News
By Jean-Luc Maracon
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Supply Squeeze Builds Momentum. Things got interesting fast this week. The American Petroleum Institute reported Tuesday that U.S.
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Institutional Money Flows In. Hedge funds are loading up on oil bets. Commodity Futures Trading Commission data shows net long…
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Oil prices shot up Wednesday. Crude futures climbed above $82 per barrel as traders bet on supply cuts from major producers, with West Texas Intermediate hitting its highest…
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The Organization of the Petroleum Exporting Countries and its allies meet Thursday to hash out production strategy.
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China's buying patterns are driving a lot of the bullish sentiment right now. Asian markets are sucking up more crude, and the International Energy Agency thinks global demand…
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But crypto's mixing into this story too.
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Some traders are using digital currencies to play oil futures, taking advantage of volatility in both markets.
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Hedge funds are loading up on oil bets. Commodity Futures Trading Commission data shows net long positions jumped 15% last week, with institutional investors clearly expecting…
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Goldman's revision wasn't the only Wall Street move this week. BP's Chief Economist Spencer Dale said Tuesday the company's watching market conditions closely and staying…
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The dollar's strength is creating some headwinds - it rose 0.2% Wednesday, making oil pricier for other currencies.
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Alternative energy trading is heating up too. Chicago Mercantile Exchange saw a spike Wednesday in renewable energy credits and carbon allowance futures as traders look to…
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OPEC+ members seem pretty committed to managing supply carefully. Saudi Arabia's voluntary cuts have been a key part of the strategy, and Russia's backing for measured…
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The timing couldn't be better for producers - demand recovery in emerging markets is picking up steam just as supply gets tighter. U.S.
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