Market Update

Oil’s up, bitcoin’s down, equities fly and bonds cry

     
Oil’s up, bitcoin’s down, equities fly and bonds cry

Limited supply and increased demand pushed oil to its highest price in more than three years this week while fear and uncertainty knocked bitcoin to its lowest level in six weeks.

Crude oil prices were trading close to $70 a barrel earlier this week — a high last seen in December 2014 when the oil market was on the verge of a three-year decline. Meanwhile, prices for bitcoin, the popular cryptocurrency grabbing headlines, fell below $12,000 for the first time since Dec.

Continue reading Oil’s up, bitcoin’s down, equities fly and bonds cry at Movement Mortgage Blog.

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