Dossier
oil price surge
Coverage of oil price surge in the Nexus archive.
- Bitcoin tumbles back to key $60K support level: What’s behind the sell pressure?
Bitcoin's price has dropped back to a critical $60K support level due to increased selling pressure. The decline is attributed to a surge in oil prices, risks of economic contagion from Japan, and additional selling activity from Strategy.
- US oil producers increase output to capture price surge from Iran war
US oil producers are expanding drilling to capitalize on rising oil prices caused by a global supply crunch linked to the Iran war. A 40% cost increase from the supply shortage has also hurt the president's approval ratings.