Reports of the petrodollar system’s demise are ‘fake news’ — here’s why
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 15 2024
0mins
Should l Buy AUDUSD?
Source: MarketWatch
- Mainstream Media Ignoring News: Many people questioned why mainstream media did not cover a significant news story.
- 50-Year Agreement Expiration: Reports suggested that a 50-year-old agreement between the U.S. and Saudi Arabia regarding crude-oil exports pricing in U.S. dollars had expired.
- Social Media Circulation: The news spread widely on social media platforms like X.
- Subscription Requirement: To access further details, readers were prompted to subscribe or sign in.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Japan's Finance Minister Katayama: We Believe Speculative Activity is Increasing in Crude Oil, Futures, and Forex Markets
Market Sentiment: Japan's finance ministry expresses concern that speculative actions are increasing in crude oil, futures, and foreign exchange markets.
Economic Implications: The heightened speculation could lead to volatility and uncertainty in these markets, impacting overall economic stability.
See More
Japan's Finance Minister Katayama: We Believe Speculative Activity is Increasing in Crude Oil, Futures, and Forex Markets
- Market Speculation: Japan's finance minister expresses concern over heightened speculative actions in crude oil, futures, and foreign exchange markets.
- Economic Implications: The minister's comments suggest a focus on the potential economic impacts of these speculative activities on Japan's financial stability.
See More
Reports of the petrodollar system’s demise are ‘fake news’ — here’s why
- Mainstream Media Ignoring News: Many people questioned why mainstream media did not cover a significant news story.
- 50-Year Agreement Expiration: Reports suggested that a 50-year-old agreement between the U.S. and Saudi Arabia regarding crude-oil exports pricing in U.S. dollars had expired.
- Social Media Circulation: The news spread widely on social media platforms like X.
- Subscription Requirement: To access further details, readers were prompted to subscribe or sign in.
See More
Japan's Finance Minister Katayama: We Believe Speculative Activity is Increasing in Crude Oil, Futures, and Forex Markets
Market Sentiment: Japan's finance ministry expresses concern that speculative actions are increasing in crude oil, futures, and foreign exchange markets.
Economic Implications: The heightened speculation could lead to volatility and uncertainty in these markets, impacting overall economic stability.
See More
Japan's Finance Minister Katayama: We Believe Speculative Activity is Increasing in Crude Oil, Futures, and Forex Markets
- Market Speculation: Japan's finance minister expresses concern over heightened speculative actions in crude oil, futures, and foreign exchange markets.
- Economic Implications: The minister's comments suggest a focus on the potential economic impacts of these speculative activities on Japan's financial stability.
See More
Reports of the petrodollar system’s demise are ‘fake news’ — here’s why
- Mainstream Media Ignoring News: Many people questioned why mainstream media did not cover a significant news story.
- 50-Year Agreement Expiration: Reports suggested that a 50-year-old agreement between the U.S. and Saudi Arabia regarding crude-oil exports pricing in U.S. dollars had expired.
- Social Media Circulation: The news spread widely on social media platforms like X.
- Subscription Requirement: To access further details, readers were prompted to subscribe or sign in.
See More
