U.S. to Tap into 50M Barrels of Reserve Oil to Tame Rising Gas Prices

U.S. to Tap into 50M Barrels of Reserve Oil t...

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Software Selloff, Gold at $5K, and Crypto Slips Again — Palvatar’s Market Recap

Software stocks get slammed, gold keeps climbing, and Bitcoin loses key support again. Palvatar covers today’s key macro and market headlines — from Claude’s AI plugin rattling software firms to AMD’s 9% plunge and a weak U.S. jobs print. Gold hits $5,000, geopolitics flares up, ...  Show more

Markets Surge, SpaceX Buys xAI, and Gold Pops 5% — Palvatar’s Big News Recap

Markets are ripping back after a wave of fear. Palvatar breaks down the massive upside surprise in U.S. manufacturing, Musk’s record-breaking $1.25T xAI merger with SpaceX, and wild moves in gold, silver, and global equities. Plus: crypto breathes after brutal liquidations, and G ...  Show more

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Oil jumps as IEA warns of 'substantial' gas-to-oil demand shift!
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US equities could hardly consolidate gains they posted following the Wednesday’s softer-than-expected inflation data in the US, even as the producer price index printed the first monthly decline since April 2020. The barrel of US crude rebounded to $94 as the International Energy ...  Show more

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Biden’s move to lower oil prices
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The White House announced a “historic release” of about 180mn barrels of oil from the US emergency stockpile in an attempt to cool oil prices, and the two-year Treasury yield this week rose above the 10-year Treasuries for the first time since 2019. FT markets editor, Katie Ma ...

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Are $2+ petrol prices here to stay?
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Roberto Aguilera- Energy Economist Curtin University Oil and Gas Innovation Centre gives us a deep dive on fuel prices…

 

The Prime Minister has left open the possibility of slashing petrol excise in the budget–.as rising prices hit household bu ...

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