Global stock markets have continued to take a hammering as oil prices rocketed in their biggest weekly gain for six years, with no sign of a swift resolution to the conflict in the Middle East. London’s FTSE 100 Index slumped 1.6% lower at one stage before closing about 130 points, or 1.2%, lower at 10,284.75 […]
Stock markets tumble as oil prices surge in biggest weekly gain since 2020 Read More »
Goldman Sachs stated that there is little confidence that US security measures to protect oil and gas tankers in the Strait of Hormuz will resolve the situation, warning that oil prices could rise above $100 per barrel if disruptions persist. Samantha Dart, Co-Head of Global Commodities Research at the bank, told Bloomberg that there are
Brent crude could exceed $100 if Hormuz disruptions persist: Goldman Sachs Read More »
Oil drilling rigs Oil prices declined on Friday but are still on track to record their largest weekly gains since 2022, driven by concerns over supply disruptions amid the conflict in the Middle East. Brent crude futures for May delivery fell 0.82%, or $0.70, to $84.71 per barrel as of 08:52 a.m. Makkah time, though
Oil prices fall, on track for biggest weekly gain since 2022 Read More »
Bitcoin drops toward $70,000 ahead of U.S. jobs data; oil price rises on Iran war Investors are turning more defensive as geopolitical tensions rise and key U.S. labor market data approaches. Mar 6, 2026, 10:29 a.m. Bitcoin is on the cusp of falling below $70,000 for the first time since Wednesday, after climbing as high
Bitcoin drops toward $70,000 ahead of U.S. jobs data; oil price rises on Iran war Read More »
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When oil prices sneeze, risk assets catch pneumonia. Crypto is currently reaching for the tissues. Prediction market Polymarket now shows a record 73% probability that US oil prices will breach $90 per barrel this month — a level not seen since October 2023. Bitcoin responded by slipping below $71K, while the broader crypto Fear &
Oil jitters and macro headwinds weigh on crypto markets as fear index hits extreme lows Read More »
