Oil's war premium sits $20 above JPMorgan fair value, analysts warn
Brent is trading roughly $20 above JPMorgan's fair value estimate, and BMI expects a steep sell-off once a Hormuz deal is reached.
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Brent is trading roughly $20 above JPMorgan's fair value estimate, and BMI expects a steep sell-off once a Hormuz deal is reached.
The US Dollar Index traded around 102.2 near last week's 18-month peak, with analysts divided on whether the rally stalls at a long-term trendline or keeps running.
The S&P 500 bull market reaches its fourth anniversary after a 119% run to a record, with all six prior runs of that age continuing.
Brent fell 0.55% to $101.69 and WTI dropped 1.04% to $90.16 after G7 nations agreed to tap 100 million barrels of emergency reserves.

Bitcoin pushed back toward $87,000 on Friday after sellers around $85,000 were absorbed, according to Glassnode, with weaker US employment data in the background.

Spot Bitcoin ETFs extended their inflow streak to eight sessions while analysts flagged crude prices and high Treasury yields as headwinds for the asset.

A nominal record of $6.53 a gallon for diesel, alongside low distillate stocks, sets up September price reports as a test for bitcoin's macro narrative.

A Treasury buyback adjustment eased long-term yields, fueling a bitcoin short squeeze and a 25% rally to near $80,000.

BitMEX co-founder says he needs to see a $60 billion FIMA repo balance before increasing exposure to risk assets.
Bitcoin hovers near $62,000 as the June CPI report set for release July 14 could trigger major price swings.

Bitcoin stabilizes above $63,000 following a turbulent week, aided by easing geopolitical tensions and a strong SpaceX debut.

Macro analyst suggests paper Bitcoin instruments may be absorbing buying pressure, similar to gold derivatives.