Why Oil Prices Could Spike Next Week

Why Oil Prices Could Spike Next Week

US West Texas Intermediate crude oil futures are trading higher on Friday on reports that OPEC and its allies will ignore President Biden’s request to boost supply at next week’s production meeting. A weaker US Dollar and stronger risk sentiment is also lending support at the close of the week. Crude oil traders have been … Read more

Oil Prices Rebound Following Morning Drop

Oil Prices Rebound Following Morning Drop

Crude oil prices rallied in the afternoon after a rocky start to the trading day, with Brent crude finishing out the day at $106.57. Earlier in the trading day, Brent fell to $103.88 as the market weighed the opposing forces of China’s lockdowns and recession fears against tight global oil supplies. The bearish case has … Read more

The crypto pendulum swings back to ‘real economic value’: can Bitcoin price survive a recession?

The crypto pendulum swings back to ‘real economic value’: can Bitcoin price survive a recession?

(Kitco News) After briefly touching $17,000 over the weekend, Bitcoin is back above $20,000. But can the price outlook recover as recession calls grow and inflation continues to dominate market headlines? Stablecorp CEO Alex McDougall weighs in. When looking at price forecasts for the rest of 2022, investors need to separate crypto’s technology angle from … Read more

From startup to big bank: BMO bought their company, now they run its global trading desks

From startup to big bank: BMO bought their company, now they run its global trading desks

Dan Goldman and Levent Kahraman, co-heads of BMO Global Markets, at their office in Times Square in New York City on June 17, 2022.Kellyann Petry/The Globe and Mail Like many American bankers, Dan Goldman and Levent Kahraman are back working most days of the week at the New York offices where they run Bank of … Read more