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  • Aug 09, 2024

Bitcoin Bounces Back Above $60,000 as Stocks Extend Recovery

(Bloomberg) -- Bitcoin continued to rally in tandem with a rebound in global equities on Friday after a bruising selloff. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsWhen Climate Funds Pay for Highway ExpansionThe original cryptocurrency rose as much as 5.3% to briefl

  • Aug 09, 2024

Analysis-Global oil demand needs to rise faster to absorb OPEC+ hike

Global oil demand growth needs to accelerate in coming months or the market will struggle to absorb an increase in oil supply that OPEC+ is planning to make from October, according to data, analysts and industry sources. Oil demand growth in the first seven months of the year from top consumers the United States and China had failed to meet some expectations even before renewed fears of a U.S. recession triggered a global stock and bond sell-off this week. If the economy slows further, oil demand growth will likely slow with it.

  • Aug 09, 2024

Oil Poised for Weekly Gain With Eyes on Middle East, Equities

(Bloomberg) -- Oil steadied after a three-day rebound, with traders monitoring developments in the Middle East and a rally in wider markets. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsNew York City’s Outdoor Dining Sheds Will Start DisappearingBrent traded near $79 a

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