BRICS dominance surges with 47% of world’s oil – Where does the U.S. stand?
The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, has emerged as a significant player in the global oil market. Recent developments suggest that BRICS countries collectively control a substantial portion of the world’s oil supply. As of the latest data, BRICS nations hold sway over 47% of the global oil market, underscoring […]
BTC price receives 4% boost as oil and stock bounce back
The price of oil is up by a massive 20%, and markets can now rest more comfortably. Dow Jones has surged by 450 points, while BTC price is back above the $7,000 mark. The price of bitcoin today received a substantial 4% boost, with the flagship digital currency crossed above $7,000 once again. On April […]
Will plunging oil prices take agriculture sector down with it?
A much-discussed Twitter thread from Monday discusses whether or not the collapsing oil prices will have a domino effect on the soft commodities market as producers struggle to get the right prices for their crops. It was just a few months ago when the American oil industry was in its full glory as it emerged […]
Oil price collapses highlighting vulnerability of tangible asset prices
US crude oil price fell to negative levels as a huge oversupply of the asset tanked the markets. In the shocking move that occurred yesterday, US crude oil futures plunged to negative levels. The main cause of the collapse was due to an oversupply of oil during a period of record-low demand for oil. This […]
Stocks and cryptocurrency market take a beating following Easter
Cryptocurrency market and stocks continue to take a severe beating, following an Easter weekend, as both markets struggle to cope up with the far-reaching impact of the pandemic in the United States. Investors usually look for a way to price in the risk; however, given the current uncertainties and extent of damage caused by the […]
Bitcoin and Ethereum among worst performing assets of 2020, report
Bitcoin and Ethereum might be of the most popular cryptocurrencies known today; however, according to the recent statistics published by crypto analyst Larry Cermak, the two are not only among the worst-performing assets until now but second only to oil – an asset that’s witnessing a most significant drop in price since 1991. Times are […]
