Geopolitics Alpha

Oil Just Hit $100 a Barrel. What Happened to Bitcoin the Last Time Oil Prices Hit Three Digits?

Published . Updated .

Covered by 2 outlets: Yahoo Finance, 24/7 Wall St..

Who covered it: Center 1 · Not rated 1. How we rate outlets

ENERGYOil Just Hit $100 a Barrel. WhatHappened to Bitcoin the Last TimeOil Prices Hit Three Digits?CRCWGEOPOLITICS ALPHA

This report is about Crypto and Energy. Names like XOM and CVX typically gain because oil producers earn more when crude prices rise.

Directly affected

  • CRCW Crypto

    Named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust+6.9%

    This price moves with the crypto market

  • COIN Coinbase+2.8%

    The crypto exchange moves with trading volumes

  • MSTR Strategy+12.0%

    This company's value is tied to its bitcoin holdings

  • MARA MARA Holdings-9.9%

    Bitcoin miners move with the bitcoin price

  • XOM Exxon Mobil+7.9%

    Oil producers earn more when crude prices rise

  • CVX Chevron+6.6%

    Oil producers earn more when crude prices rise

  • RIOT Riot Platforms-33.1%

    Bitcoin miners move with the bitcoin price

  • HOOD Robinhood-10.8%

    Retail trading apps move with crypto volumes

  • OXY Occidental Petroleum+1.5%

    Oil producers earn more when crude prices rise

  • COP ConocoPhillips

    Oil producers earn more when crude prices rise

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CRCWNo price data for this ticker———————
IBIT+1.56%+0.24%base+0.35%+1.21%+3.66%-0.20%
COIN+4.19%-0.18%base-2.86%-1.39%+2.22%-2.32%
MSTR+11.69%+4.80%base-0.66%+4.32%+12.15%+6.66%
MARA+25.46%+9.15%base-2.12%-0.73%+3.18%-3.71%
XOM-3.82%-1.14%base-0.44%-0.63%-0.52%-0.46%
CVX-4.43%-1.29%base-0.22%+0.30%+0.79%+0.71%
RIOT+19.99%+9.94%base+1.71%+0.40%+2.11%-6.08%
HOOD+10.48%+2.22%base-2.42%-0.68%+3.08%-2.30%
OXY-2.02%-1.55%base+0.54%+0.87%+0.50%+0.16%
COP-6.11%-2.85%base-0.87%-0.39%-0.56%-0.57%

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Oil Just Hit $100 a Barrel. What Happened to Bitcoin the Last Time Oil Prices Hit Three Digits? Yahoo Finance

Source: Yahoo Finance

Energy

CompanyWhenMoveStatus
COINthat day-2.86%final price
COINthe next day-1.39%final price
COINtwo days later+2.22%final price
COINthree days later-2.32%final price
COINthree days earlier-0.18%final price
COINfive days earlier+4.19%final price
COPthat day-0.87%final price
COPthe next day-0.39%final price
COPtwo days later-0.56%final price
COPthree days later-0.57%final price
COPthree days earlier-2.85%final price
COPfive days earlier-6.11%final price
CVXthat day-0.22%final price
CVXthe next day+0.30%final price
CVXtwo days later+0.79%final price
CVXthree days later+0.71%final price
CVXthree days earlier-1.29%final price
CVXfive days earlier-4.43%final price
HOODthat day-2.42%final price
HOODthe next day-0.68%final price
HOODtwo days later+3.08%final price
HOODthree days later-2.30%final price
HOODthree days earlier+2.22%final price
HOODfive days earlier+10.48%final price
IBITthat day+0.35%final price
IBITthe next day+1.21%final price
IBITtwo days later+3.66%final price
IBITthree days later-0.20%final price
IBITthree days earlier+0.24%final price
IBITfive days earlier+1.56%final price
MARAthat day-2.12%final price
MARAthe next day-0.73%final price
MARAtwo days later+3.18%final price
MARAthree days later-3.71%final price
MARAthree days earlier+9.15%final price
MARAfive days earlier+25.46%final price
MSTRthat day-0.66%final price
MSTRthe next day+4.32%final price
MSTRtwo days later+12.15%final price
MSTRthree days later+6.66%final price
MSTRthree days earlier+4.80%final price
MSTRfive days earlier+11.69%final price
OXYthat day+0.54%final price
OXYthe next day+0.87%final price
OXYtwo days later+0.50%final price
OXYthree days later+0.16%final price
OXYthree days earlier-1.55%final price
OXYfive days earlier-2.02%final price
RIOTthat day+1.71%final price
RIOTthe next day+0.40%final price
RIOTtwo days later+2.11%final price
RIOTthree days later-6.08%final price
RIOTthree days earlier+9.94%final price
RIOTfive days earlier+19.99%final price
XOMthat day-0.44%final price
XOMthe next day-0.63%final price
XOMtwo days later-0.52%final price
XOMthree days later-0.46%final price
XOMthree days earlier-1.14%final price
XOMfive days earlier-3.82%final price
SPY
XLE

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How solid the energy case looks

25 out of 100

“Oil Just Hit $100 a Barrel. What Happened to Bitcoin the Last Time Oil Prices Hit Three Digits?” scores 25 out of 100. The score uses 2 sources.