Oil


Markets

Bitcoin Holds Key Support; Oil Disappoints 'Doomers' as Brent and WTI Erase Early Price Gains

Iran's threat to close the Strait of Hormuz is largely rhetorical, an energy market expert said.

(Shutterstock)

Markets

Iran Mulls Closure of Strait of Hormuz; Digital Oil Memecoin Soars 400%

An obscure token called the digital oil memecoin (OIL) surged over 400%.

Iran

Policy

Venezuela Ends Controversial Petro Cryptocurrency: Reports

President Nicolas Maduro launched the Petro (PTR) in Feb. 2018 to support the nation's currency, the bolívar, in the face of an economic crisis exacerbated by U.S. sanctions.

(Ronlug/Shutterstock)

Markets

Crypto Observers Warn of Risk Aversion as Oil Prices Top $93

WTI crude oil has surged 30% higher this quarter, a rally that could feed into inflation, forcing central banks to keep rates elevated for longer than expected.

(Pawel Czerwinski/Unsplash)

Markets

Bitcoin Slides Back Towards $26K as Surging Interest Rates Trigger Macro Jitters

The U.S. 10-year Treasury yield rose another nine basis points Wednesday to a new 16-year high of 4.63%.

Bitcoin faces macro hurdles. (Josh Boak/Unsplash)

Markets

Bitcoin Plumbs 6-Month Low Near $25K and Higher Oil Prices Suggest Further Pressure

"This is exactly what apathy looks like," said one crypto analyst.

Bitcoin plumbs multi-month lows (Adam Nowakowski/Unsplash)

Consensus Magazine

‘We’re Compute Cowboys’: Gideon Powell on the Pioneer Spirit Driving Bitcoin Mining

An interview with the CEO of Cholla Inc., an oil & gas exploration company that’s investing in bitcoin mining.

Gideon Powell, who runs the family business Cholla Mining, sees bitcoin miners as modern day wildcatters. (Gideon Powell)