Oil retreats; Business slams tariffs; Facebook goes crypto

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Facebook has secured backing from more than a dozen big companies as it prepares to launch a new cryptocurrency, according to the Wall Street Journal

London 1. The big picture on oil: US crude futures are in retreat, unwinding a rally triggered Thursday by an attack on two tankers in the Gulf of Oman.

The attacks were particularly unnerving for investors because they occurred near the Strait of Hormuz, a choke point through which 30% of the world's sea-borne crude oil passes.The United States has blamed Iran for the attacks, releasing a video that it says shows an Iranian navy boat removing an unexploded mine from the hull of one of the tankers. Iran has denied involvement.But despite the escalating tension, oil prices are falling Friday and they're on track for a weekly loss.

 

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Everyone is so so dumb.

haha oh hoo boy wew this is literally worse than anything anyone could have possibly predicted jfc

Yeah, that's a great idea. Ofc.

Yeah. Cuz after they sold our data, and showed they couldn’t handle fake news/tanked our democracy at the hands of Russia, I want them handling money.

Really! I wouldn’t trust it...they already sold your information

Selling snake oil.

This should be stopped before it starts. Cryptocurrency is how the Russian Mafia conducts business to avoid oversight

JFC

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American Companies?

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Exclusive - Business and pleasure: how Russian oil giant Rosneft uses its corporate jetsEXCLUSIVE - Business and pleasure: Since the start of 2015, Rosneft corporate jets traveled eight times to Sardinia’s Olbia airport, 15 times to the Maldives and seven times to Spain’s Palma de Mallorca, according to flight tracking data The quality of the domain retains compensation as the exploitation of the quality of the space band and the synchronization of the royal palace to the adoption of the list of formation of the high capacity of the campus and the competence of the link Such dedication to duty or were they they using the asset knowing it would be available? So what?! Russian oligarchs are using corporate jets to fly to whatever destination and tan their ugly bums. And? This is news to you? Seriously...
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