Bitcoin +2.51% to $US31,249 near 4.58am AESTTesla +3.2% Apple +0.5% Amazon +2.5%Brent crude +1.9% to $US81.60 a barrelUS prices as of 3pm in New YorkP 500 topping 4,500 and tech megacaps back to the forefront. The Nasdaq 100 climbed 1.5 per cent.
Amazon hit a 10-month high after reporting record sales during its Prime Day sale. Google’s parent Alphabet rallied over 4%.Co.’s results. Two-year yields fell 13 basis points to 4.61%. The dollar dropped for a fifth consecutive session.Oil prices swung in choppy trading but held near an 11-week high as supply outages in Libya and Nigeria further tightened the physical market.
Global benchmark Brent traded above $80 a barrel after breaking out of the tight trading range it had been stuck in for two months. Libya’s 70,000 barrel-a-day El Feel oil field has halted production after protesters entered the project, according to a person familiar with the matter. Separately, Nigeria’s Forcados oil terminal was also halted to investigate a leak.
“Current production at risk is likely 60,000-90,000 barrels, but the knock-on effect could be much larger,” said Rebecca Babin, a senior energy trader at CIBC Private Wealth, referring to the disruption at El Feel, which is near El Sharara, Libya’s biggest field.