Oil Prices Slip After Surprise Build In Crude Inventories

After Brent and WTI both fell yesterday as traders started taking profit on the latest price rally, the EIA reported that U.S. crude oil inventories went up in the week to November 3, by 2.2 million barrels, rejecting API estimates of a 1.562-million-barrel draw. Analysts polled by S&P Platts had forecast a 2.7-million-barrel draw in crude inventories, as well as a 2.25-million-barrel decline in gasoline stockpiles. The EIA said gasoline stockpiles did indeed decline, by 3.3 million barrels, which should provide some support to bulls, especially…

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Bakken Oil Production Rises As Oil Prices Jump

Crude oil production in the Bakken shale in North Dakota has been experiencing some major challenges lately, but it is firmly on the growth path, said the state’s Department of Mineral Resources Director Lynn Helms in an interview for S&P Global Platts. Helms identified as the biggest challenges growing production in the Permian as well as a hypothetical ending of the OPEC production cut agreement. While the first challenge is very real, with the Permian still being the star of the shale patch, the latter challenge is more likely than…

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Ripple Corrects the XRP Escrow Information on the Website

It seems there is some confusion over Ripple’s plans to lock up a portion of the XRP supply. At one […]
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Google Gets There First: Autonomous Cars On The Road

Google’s self-driving car project, Waymo, has become the first to launch completely autonomous cars, free of humans behind the wheel, on the road. Waymo’s CEO, John Krafcik said yesterday at a conference in Portugal that the company had been testing the driverless vehicles on Arizona roads for the last couple weeks and will soon start offering taxi services using these cars. These cars will drive subscribers to Waymo’s Early Rider program within a 100-square-mile area in Chandler, a Phoenix suburb, and there will be a Waymo employee…

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What’s going on with Ethereum $280m in cryptocurrency ‘lost’ amid security scare

Approximately $280m worth of the cryptocurrency Ethereum has been frozen in time and potentially lost forever after a critical bug was accidentally triggered.The post What’s going on with Ethereum $280m in cryptocurrency ‘lost’ amid…

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TREZOR Will Require Users To Split Coins Themselves For SegWit2x Access

TREZOR has suggested it is less than supportive of SegWit2x, but will now allow users access to balances.
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Ukrainian Parliament Considers Making Cryptocurrencies Tax-Exempt

Europe is a pretty interesting region when it comes to cryptocurrency. Although there is no clear regulation on this front just yet, things are undergoing some big changes as we speak. Over in Ukraine, a new proposal revolves around making Bitcoin and …

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30 killed in Saudi offensive against Yemen’s Houthis

Saudi Arabia targeted the Houthi territory in north Yemen today, killing civilians including women and children, reported Al Jazeera. The air strikes targeted a village in Hiran, located in the Hajjah region in the north of the country. Thirty people died in the strikes, Hussain Al-Bukhaithi, a Yemeni-based journalist told Al Jazeera. Air strikes began at midnight and continued for five hours, according to locals on the ground. The first strike targeted Sheikh Hamdi’s family home, a Houthi loyalist, killing him and his family. The strikes prevented rescue workers and the relatives of those injured or killed from accessing the site to rescue those affected, Al-Bukhaithi said. Read: Houthis threaten to target ports, cities of Saudi coalition members Ten paramedics […]

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Chicago Options Exchange Getting the Bitcoin Bug: “We Believe” says President

Chicago Options Exchange Getting the Bitcoin Bug: "We Believe," says PresidentIn a conference call updating investors and media on its third quarter (Q3) earnings, Cboe Global Markets, which owns the Chicago Board Options Exchange (CBOE) and BATS Global Markets, said it’s bullish on cryptocurrencies. It said other exchanges, such as its “competitor across town,” are also believers in cryptos.     Also read: Bank of America Bullish on […]

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