Oil retreats; Business slams tariffs; Facebook goes crypto

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.

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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Source: Reuters - 🏆 2. / 97 Read more »