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Oil edges higher as worries over wider Middle East conflict linger

admin by admin
June 27, 2024
in Business
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Oil edges higher as worries over wider Middle East conflict linger
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Oil futures edged higher Thursday, shaking off concerns about summer gasoline demand in the U.S. as investors kept an eye on tensions in the Middle East that could threaten crude supplies from the region.



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The Kobeissi Letter Follow

Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: support@thekobeissiletter.com

KobeissiLetter
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kobeissiletter The Kobeissi Letter @kobeissiletter ·
17h

China is panicking:

Last week ALONE, China ETFs saw $2 billion of outflows, marking the largest weekly outflow in history.

Despite deploying pandemic-like stimulus, recent data suggests that China's economy is WORSENING.

Is China entering an economic depression?

(a thread)

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kobeissiletter The Kobeissi Letter @kobeissiletter ·
9h

BREAKING: Total US debt has officially hit $36 trillion for the first time in history, according to US government data.

Since the start of this year, total US debt is now up by a whopping $2 TRILLION.

In other words, the US has added an average of $6.3 billion of debt PER DAY… https://x.com/i/web/status/1860074501024989428

Reply on Twitter 1860074501024989428 Retweet on Twitter 1860074501024989428 230 Like on Twitter 1860074501024989428 781 Twitter 1860074501024989428
kobeissiletter The Kobeissi Letter @kobeissiletter ·
9h

BREAKING: Total US debt has officially hit $36 trillion for the first time in history, according to US government data.

Since the start of this year, total US debt is now up by a whopping $2 TRILLION.

In other words, the US has added an average of $6.3 billion of debt PER DAY… https://x.com/i/web/status/1860074501024989428

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kobeissiletter The Kobeissi Letter @kobeissiletter ·
10h

This is WILD:

Prediction markets are now beginning to price-in a chance of #Bitcoin hitting $150,000 this year.

There is currently a rising 13% chance of Bitcoin hitting $150,000 by December 31st, according to @Kalshi.

Meanwhile, odds of Bitcoin hitting $100,000 this year are… https://x.com/i/web/status/1860059691939717128

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