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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Is It Finally Crypto's Time to Shine? | Rekt Vision w/ Blocmates

This week on REKT Vision, Mando, Rekt co-founder and author of the Mando Minutes newsletter, is joined by Alex and Grant from Blocmates. They dissect the week's price action, key levels to look out for, latest inflation print, the AI market narrative, LayerZero's ZRO token, and m ...  Show more

Inflation Cools as AI Fears Shake Markets

Markets closed out the week balancing cooler inflation against renewed volatility in tech and AI. U.S. CPI rose 2.4% year-over-year in January, with core inflation falling to 2.5% — the lowest level since March 2021. While the report strengthens the case for potential Fed rate cu ...  Show more

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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

Chevron to Buy Hess for $53 Billion; How To Invest in China
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Bloomberg Markets Anchor Alix Steel reports on Chevron agreeing to buy Hess for $53 billion, a deal aimed at boosting production growth as the US oil industry bets on an enduring future for fossil fuels. Ben Harburg, Managing Partner of MSA Capital and Bloomberg News Global Econo ...  Show more

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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