Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
BP plc (NYSE:BP), Exxon Mobil Corp (NYSE:XOM), Marathon Oil Corp (NYSE:MRO), Occidental Petroleum Corporation (NYSE:OXY) and Shell PLC (NYSE:SHEL) shares are all trading sharply lower Wednesday afternoon.
The move in energy stocks comes amid increased uncertainty in the banking sector after Saudi's SNB said it can't provide further money to Credit Suisse because it can't go above 10% ownership. Investors fear of a potential financial crisis, which could have a negative impact on oil demand.
So What's Going On With Credit Suisse?
The renewed selling in Credit Suisse came on the back of its biggest investor, Saudi National Bank, stating that it would not buy additional shares in Credit Suisse, Reuters reported.
The Saudi bank reportedly said regulatory guidelines do not allow it to invest in over 10% of an entity. Reuters reported that the Middle East bank's stake in Credit Suisse is tantalizingly close to the mark...Read More
According to data from Benzinga Pro:
- BP is trading lower by 7.35% to $35.44
- XOM is lower by 5.55% to $100.97
- MRO is lower by 10.05% to $20.90
- OXY is lower by 5.96% to $56.60
- SHEL is lower by 7.32% to $55.05
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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