Gate News message, April 29 — WTI crude oil (U.S. benchmark crude futures) and Brent crude (global benchmark crude futures) declined sharply today, completely erasing gains from the announcement of potential extended sanctions on Iran. WTI fell to $100.71 per barrel and Brent to $103.20 per barrel, both down approximately 0.6% intraday.
The pullback comes after initial price gains triggered by reports of a potential extension to Iran’s economic sanctions. Market participants have since reversed positions, leading to the current decline.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Rally Driven by MicroStrategy's STRC Issuance Could Continue 'for Some Time,' Bitwise CIO Says
Gate News message, April 29 — Bitwise Chief Investment Officer Matt Hougan believes Bitcoin's recent rally can continue "for some time to come," driven primarily by MicroStrategy's issuance of STRC, a perpetual preferred stock that trades like equity but offers bond-like dividend yields.
Bitcoin ha
GateNews2h ago
Czech National Bank Head: 1% Bitcoin Allocation Boosts Returns Without Increasing Overall Risk
Gate News message, April 29 — According to Bitcoin Magazine, Czech National Bank Governor Aleš Michl revealed that the bank's research on bitcoin investments shows that allocating 1% to bitcoin increases expected returns while keeping overall risk essentially unchanged.
"Allocating 1% of our
GateNews3h ago
South Korea's KOSPI Index Opens Down 27.38 Points, Down 0.41%
Gate News message, April 29 — South Korea's KOSPI index (the country's benchmark equity index) opened down 27.38 points, or 0.41%, trading at 6,613.64.
GateNews5h ago
OpenAI triggers a selloff in tech stocks; Bitcoin briefly fell below 76K. Novogratz: It’s difficult to get back to $100,000.
OpenAI missed its new user and sales targets, dragging down tech stocks and causing partner stock prices such as Oracle and CoreWeave to plunge; U.S. stocks pulled back from record highs, oil rose, and Bitcoin fell below $80k to $75,666. Novogratz said that in the current macro environment, it is becoming more difficult for Bitcoin to return to $100,000, and that central banks need to ease policy. With the Federal Reserve’s two-day meeting and the upcoming tech earnings season, the market is holding back.
ChainNewsAbmedia6h ago
US Dollar Index Rises 0.15% to 98.639, Major Currencies Weaken Against USD
Gate News message, April 28 — The US Dollar Index, which measures the dollar against six major currencies, rose 0.15% on April 29, closing at 98.639 in late trading.
Euro-to-dollar fell to 1.1714 from 1.172 in the previous trading session. Sterling weakened to 1.3518 USD from 1.3534 USD. The dollar
GateNews8h ago
Bitcoin Drops Below $76,000 as Traders Reduce Risk Before Federal Reserve Decision
Gate News message, April 28 — Bitcoin slipped below $76,000 on Tuesday as traders reduced exposure ahead of the Federal Reserve's policy decision on Wednesday, triggering a broad market pullback across major digital assets.
The total cryptocurrency market capitalization fell about 1.8% to roughly $
GateNews10h ago
