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Category OIL

When Will the Strait of Hormuz Open for Good? Analyst Gives Timeline

When Will the Strait of Hormuz Open for Good? Analyst Gives Timeline

In Brief Kpler now expects the Strait of Hormuz to reopen next year. Roughly 15 million barrels a day of crude exports remain halted. Houthi attac...
Bitcoin declines below $65,000 as Trump threatens Iran after tanker attacks send Oil above $100

Bitcoin declines below $65,000 as Trump threatens Iran after tanker attacks send Oil above $100

Bitcoin fell below $65,000 as surging oil prices and higher Treasury yields triggered a broader retreat from risk assets. Data from CryptoSlate sho...
US S&P Global PMI expected to show steady business growth in July

US S&P Global PMI expected to show steady business growth in July

In Brief The S&P Global flash PMIs for July are expected to show stable business expansion. Investors will pay close attention to comments surroun...
Gold: Oil Spike Caps Rebound, OCBC Warns of Two-Way Risk

Gold: Oil Spike Caps Rebound, OCBC Warns of Two-Way Risk

BitcoinWorld Gold: Oil Spike Caps Rebound, OCBC Warns of Two-Way Risk Gold’s recent price rebound is being capped by a surge in oil prices, accord...
Brent Crude Oil Price Could Surge to $100 After Iran’s Red Sea Attack

Brent Crude Oil Price Could Surge to $100 After Iran’s Red Sea Attack

In Brief Brent crude trades near $96, a six-week high, after Houthi strikes on Saudi tankers. Price broke the $92 resistance and cleared the 0.5 F...