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05May2021 Market Close: Cryptocurrency Dogecoin 0.596 Soars 40% To All-time High, DOW Closes Up 97 Points, Nasdaq -0.4%, Treasury Yields Tilt Lower, Bitcoin 57300, WTI Settles At 65.27


While bonds, crypto, and the dollar largely trod water today, Commodities rose for a record 16th straight day today.
Source: Bloomberg
Source: Bloomberg
After Janet Yellen shit the bed yesterday, today s bounce was barely noticeable (and non-existent in most cases).
The Pentagon and US Space Command are said to be tracking a large Chinese rocket which is set to reenter Earth s atmosphere at some point this coming weekend, likely around May 8th according to the latest DoD statement. Crucially, the concern is that the falling rocket s debris could land on inhabited places and pose a danger to people below, given that it is among the largest ever launces to make an uncontrolled and high speed re-entry into earth s atmosphere. ....

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Two oil wells hit by blast at Iraq's northern Bai Hassan field: ministry


Dubai
Iraq s Bai Hassan oil field in the northern Kirkuk region was attacked by explosives on May 5 causing two wells to catch fire and leaving casualties, the oil ministry said, as OPEC s second largest producer continues to grapple with security incidents against its energy infrastructure.
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A fire at one well was extinguished, while the ministry is working to put out the fire at the other well, it said in a statement May 5.
The ministry didn t disclose whether production was affected nor did it specify the number of casualties. The ministry s spokesperson couldn t be reached for comment. ....

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Suspected Islamic State Militants Blow Up Oil Wells In Northern Iraq


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