Oil bulls scurry for protection against a wave of OPEC supply

LONDON (Reuters) - OPEC's plans to boost output have spooked oil market bulls, who are starting to seek protection at levels well below the current futures price in case the group delivers a rapid increase in production.


from Reuters: Top News https://ift.tt/2LK8OXY

Comments

Post a Comment

Popular posts from this blog

UK Watchdog Investigating Domestic Cryptocurrency Markets

Image
The Cryptocurrency markets have been struggling to create a solid bull-run. There’s been a lack of support from market fundamentals and the total market capitalization fell to $300 billion earlier today for the first time in the last six weeks. Although Bitcoin price (BTC) fell steadily in the last couple of weeks, the majority of the top ten altcoins lost significant value during the current selloff. Regulator actions against price manipulation activities and unfair trading practices have added significantly to the selloff. Source Image: coinmarketcap.com FCA Investigating Cryptocurrency Markets The ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer . from Crypto Currency News https://ift.tt/...
Read more

Stellar (XLM), Cardano (ADA), and TRON (TRX) Ride the Wave

Image
The cryptocurrency market is seeing a lot of green today, as Bitcoin (BTC) continues to climb in price on its 10-day bull run. Bitcoin reached a price of over $8,200 today, the first time this has happened since mid-May. The rest of the altcoins in the 15 have followed suit and are all seeing percentage gains today. Let’s take a closer look at Stellar (XLM), Cardano (ADA), and TRON (TRX). Stellar (XLM) Last week, IBM announced that it would be supporting a new stable coin dubbed the ‘Stronghold USD.’ This new Tether competitor was launched on ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer . from Crypto Currency News https://ift.tt/2LlZcpN
Read more

Bitcoin Bank Galaxy Digital is Now Trading on the Toronto Stock Exchange

Image
Mike Novogratz, a former Goldman Sachs Group Inc. partner, is far past the point of no return with his Bitcoin merchant bank. Galaxy Digital LP trades on TSX Venture Exchange as of today says Bloomberg, despite the crypto market’s bear movement in 2018. Galaxy Digital LP Trades on TSX Venture Exchange Galaxy Digital, former Goldman Sachs partner Mike Novogratz’s crypto bank, is making a belated debut after a plunge https://t.co/ypKfDyxkRD #tictocnews pic.twitter.com/GpPmJcgHBE — TicToc by Bloomberg (@tictoc) August 1, 2018 The process to get Galaxy on the TSX has been a “frustrating” ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer . from Crypto Currency News https://ift.tt/2n21UlF
Read more