US crude oil inventories are expected to see a draw of 3.2m barrels in the week to July 3rd, whilst gasoline stocks are expected to drop by 1.2m barrels. Yesterday the American Petroleum Institute (API) reported a build in US crude stocks of 2m barrels, whilst gasoline stockpiles fell by 1.8m barrels. Crude at the Cushing, […]

When it comes to Bitcoin ETFs, the giant in the room is the iShares Bitcoin Trust ETF (IBIT -1.39%), this ETF launched in early 2024, it has already risen in value by around 115%

Global oil demand, including biofuels, will likely level off near 106 million b/d toward the end of this decade, up from just over 102 million b/d in 2023, due to the boom in electric vehicles, renewable energy and fuel efficiencies, the IEA said in its latest annual mid-term outlook, "Oil 2024."

A fresh estimate from Eurostat showed Eurozone inflation slowed to 2.5% in June, likely meaning the ECB will keep interest rates unchanged this month.

If you were angry the Bank of England didn’t raise interest rates last month, you’ll be absolutely livid they don’t do it again tomorrow. Inflation in the UK has surged to a decade-high 5.1%, outpacing fairly steep expectations. Whilst the CPI figure is high the RPI, arguably a better test of the true costs to […]