EIA today reported a 2.8-million-barrel draw in U.S. crude oil inventories for the week to October 6, lifting market spirits further amid higher oil demand growth projections from OPEC and growing Middle East tensions around Kurdistan. Analysts had forecast a draw of 400,000 barrels. EIA’s report could reinforce oil price optimism, especially now that oilfield operators in the Gulf of Mexico are returning to normal operation after shutting down 92 percent of production capacity because of Hurricane Nate. That production capacity cut had played…
The price of bitcoin is back above $5,000 – but while this is a slight month-over-month gain, the delta in that time may be one worth analyzing.
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The UAE announced today the termination of the mission of North Korea’s non-resident ambassador as well as its own envoy’s services in Pyongyang, according to the official Emirates News Agency (WAM). The UAE will also suspend issuing new visas or company licences to North Korean citizens, the agency reported. Read: UAE bought weapons from North Korea for war in Yemen
Last month saw yet another attack on the United Nations Relief and Works Agency (UNRWA), the body supporting Palestinian refugees in the occupied Palestinian territory (oPt) and wider region. “New UNRWA textbooks for Palestinians demonize Israel and Jews” ran the headline in The Jerusalem Post on 28 September, in a piece on a new “study” funded, carried out and published by the Los Angeles-headquartered Simon Wiesenthal Centre, the anti-Islam, Daniel Pipes-led Middle East Forum, and the Jerusalem-based Centre for Near East Policy Research (CNEPR). There was one problem, however: almost 90 percent of the books cited are not being used in UNRWA schools. As UNRWA pointed out, the “inaccurate and misleading” report included books that “were phased out when the […]
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Jamie Dimon has said he will not talk about Bitcoin anymore as JPMorgan’s CFO says it is “open-minded” to cryptocurrency.
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Israeli occupation authorities have intensified the restrictions imposed on Palestinian residents of Hebron, according to an update by UN OCHA. A new fence installed by Israeli occupation forces around two Palestinian neighbourhoods in the so-called “H2” area of the city, As Salaymeh and Gheith, has further separated up to 1,800 Palestinians from the rest of the city. According to UN OCHA, this latest measure “is in addition to the recent reinforcement (including the instalment of turnstiles) of two pre-existing checkpoints controlling access to the area where the new fence was installed”. Such developments “disrupt the livelihoods and family life of Palestinians living in the two neighbourhoods and limit access to basic services like health and education”. In May 2017, UN […]
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Bitcoin price soared past the $5,000 mark today, reaching a current all time high of $5,188 on the GDAX exchange. Bitcoin&8217s price rocketed through the psychological $5,000 barrier, reaching an all time high, at the time of writing of $5,188. Relative strength technical indicators do show that the currency has been overbought now for three days, however, the price shows no sign of stopping. With recent speculation by investors of $10,000 bitcoin in six tonRead MorenThe post Bitcoin Price
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The Bitcoin Gold hard fork has caused a lot of confusion and controversy over the past few weeks. Considering that this will be yet another airdrop issued to Bitcoin holders, a lot of people will be looking to claim their free BTG balances first and foremost. However, the Bitcoin Gold team recently took it upon themselves to clear up some of the misconceptions about their project. Below are some of the main points they addressed in a document released Tuesday. 4. The Correct Fork Date Over the past few weeks, we have seen conflicting reports regarding the actual Bitcoin Gold fork date. At first, it was scheduled to
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Jamie Dimon, head of Wall Street banking giant JPMorgan Chase, has said he won’t be talking about bitcoin following his controversial “fraud” comment.
Federal Reserve to offer seven-day term deposits on October 19
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