Topic: #oil
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Bitcoin edges up to $78,724 as oil falls, but OPEC+ hold keeps Fed risk alive
Bitcoin rose about 1% to roughly $78,724 early Monday as Brent crude and the dollar fell, but CryptoSlate's analysis says the Nov. 1 OPEC+ output hold leaves inflation and Fed risk in play.
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Canadian dollar hits six-week high of C$1.3955 as oil stokes inflation concerns
The Canadian dollar touched a six-week high of C$1.3955 per U.S. dollar, up 2% for the month, Reuters reported, as rising oil prices heightened inflation concerns that the outlet said could prompt the Bank of Canada to consider further hikes.
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Exxon CEO Darren Woods flags diesel as a supply crunch point, report says
Exxon CEO Darren Woods identified diesel as a significant supply crunch point, citing refining capacity that's constrained relative to demand, according to a Crypto Briefing report on global supply disruptions.
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Bitcoin holds above $80,000 as Brent slides below $110 and Brazil stocks sink
Bitcoin held just above $80,000 on Oct. 26, CoinDesk reported, as Brent fell below $110 on US-Iran deal hopes and Brazil stocks dropped 20%, ahead of Microsoft and Amazon earnings and three central bank decisions.
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Bitcoin, Nasdaq futures and Kospi climb after China posts 4.5% Q3 growth
Bitcoin traded near $82,500 on Monday as Nasdaq futures, the Nikkei and the Kospi rose. CoinDesk tied the rally to China's 4.5% third-quarter GDP growth and lower oil prices.
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IEA: onshore oil stocks fell 113M barrels in September, near lowest since 2016
The IEA estimated global onshore oil inventories fell 113 million barrels in September as oil at sea rose, and CryptoSlate argues persistent energy inflation could weigh on Bitcoin.
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Bitcoin trades back above $84,000 despite $681M weekly ETF outflows
Bitcoin traded near $84,050 on Monday, according to CoinDesk, even though U.S. spot bitcoin ETFs logged $681 million in net outflows last week, the most since June according to SoSoValue data.
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Bitcoin rebounds to $82,000 after Trump rules out Iran strike before midterms
Bitcoin climbed back to $82,000 on Friday, per CoinDesk, after Trump said on Truth Social the U.S. would not attack Iran before the Nov. 3 midterms and WTI crude fell from $93.20.
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Bitcoin slips under $83,000 level flagged by FxPro as Brent crude tops $102
Bitcoin fell 1.6% to just under $82,800 in Thursday Asian hours, breaking a level FxPro tied to seller control, as Brent rose above $102 and the 10-year Treasury yield climbed to 5.31%.
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Bitcoin drops as much as 3.2% as Brent tops $101 and 30-year yield hits 5.70%
Bitcoin fell as much as 3.2% to a low of $82,776.30 before trading at $83,178.54, according to Decrypt, as Brent crude topped $101, the 30-year Treasury yield hit its highest since 2002 and about $969 million in crypto positions were liquidated.
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Bitcoin watchers eye DOE's 40M-barrel reserve offer as August PCE lands first
The US Energy Department is taking bids through October 6 on up to 40 million barrels of reserve crude, but August PCE data arrives first and none of that oil can reach buyers before November.
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Orlen loses $400M in Venezuelan oil scheme routed through crypto
Poland's state oil refiner Orlen lost approximately $400 million in a failed crude purchase from Venezuela, with money converted to cryptocurrency and routed through Dubai intermediaries. Three former executives face charges of negligent supervision.
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Oil prices climb 1% after U.S. strike on Iranian launchers
Oil prices rose over 1% following a U.S. military strike on Iranian rocket launchers on Larak Island, with market participants weighing supply risks through the Strait of Hormuz and monitoring potential Iranian retaliation.
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Trump Iran Nuclear Deal Push Sends Oil Prices Lower
Oil prices declined following former President Donald Trump's announcement of efforts to negotiate a nuclear deal with Iran, as markets perceived reduced geopolitical risk in the Middle East.