EMX Exchange Halts Trading of USOIL-Perp After Crude Oil Crash

In brief: Everyone was shocked when US Oil prices hit zero and global futures contracts fell hard into negative territory.  Such an event had not been anticipated by the team at the EMX exchange.  The team halted trading of its USOIL-Perp contract.  Trading of the perpetual contract is yet to be reopened as the team decides on a way forward. Yesterday’s price movement of US Crude Oil shocked everyone. The majority of traders were confident that the price of the […]

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Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’

Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters [...]

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