Oil and Cryptos – Oil is at a 7 year high and Cryptos shaking off regulatory worries
Ed Moya, Senior Market Analyst at OANDA joins us to discuss the pop higher in oil today. After OPEC confirmed the group will continue with modest output increases the market is further pushing oil to a 7 year high, of around $78/barrel. We also look at the role the US producers could play and if they are even able to ramp up production.
We then move to the crypto sector recapping the price actions after China’s recent crackdown. Price dropped but has quickly rebounded.