Dow Under Pressure as Crude Oil Politics Strangles Stock Rally

By CCN: The Dow and broader U.S. stock market drifted lower Wednesday, pressured by a sharp decline in energy shares after government data showed a surprise build-up in commercial crude inventories. Dow Slides; S&P 500, Nasdaq Follow All of Wall Street’s major indexes traded in negative territory, mirroring a skittish start to the day for …

Venezuela to Present Petro Crypto to OPEC as a Unit of Oil

Twitter Facebook LinkedIn The Venezuelan government is reportedly going to present its oil-backed cryptocurrency, the Petro, to the Organization of Petroleum Exporting Countries (OPEC) as a unit of account for oil. According to local news outlet Telesur, the country’s petroleum minister and the president of state-run oil and natural gas company PDVSA, Manuel Quevedo, stated …