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Showing posts from December, 2017

The basics of crudeoil future by the balance

Crude oil is one of the better  commodities  to trade. It is a very active market and it is well known to investors around the world. There is usually no shortage of news to cause the price of oil to move from day to day. This presents many good trading opportunities, whether you focus on day trading futures or you are a longer-term trader or investor. Crude oil is one of the most actively traded commodities in the world. The price of crude oil affects the price of many other assets including  stocks , bonds,  currencies , and even other commodities. This is because crude oil remains a major source of energy for the world. Crude Oil Contract Specs: Ticker Symbol: CL Exchange: NYMEX Trading Hours: 9:00 AM - 2:30 PM EST. Contract Size: 1,000 U.S. barrels (42,000 gallons). Contract Months: all months(Jan. - Dec.) Price Quote: price per barrel.  Ex $65.50 per barrel Tick Size: $0.01 (1¢) per barrel ($10.00 per contract). Last Trading Day: Third business day pri

Cyber attack on bitcoin

Bitcoin's booming value has driven a huge rise in crypto-currency themed malware, say security firms. In one month, anti-malware software company Malwarebytes said it stopped almost 250 million attempts to place coin-mining malware on to PCs. Symantec said it had seen a "tenfold" increase in the amount of malicious code connected with crypto-cash. Cyber-thieves are using both dedicated software, hacked websites and emails to snare victims. Cashing in "There's been a huge spike," said Candid Wuest, a threat researcher at online security firm Symantec, adding that it had been caused by the rapid increase in Bitcoin's value. ADVERTISEMENT On 29 November, the value of one Bitcoin surpassed $10,000 (£7,943) - a massive increase on the $1,000 each one was worth at the start of 2017, although that figure has  now fallen back sharply. "With $10,000 being breached, and all the hype, a lot of people are trying to make money with crypto