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Miami Announces Plans To Pay City Workers Salaries In Bitcoin

Miami will push a bitcoin payout plan for its employees, Mayor Francis Suarez told Bloomberg on Tuesday, expanding its ambition to make Florida a major digital asset hub. “In October, we are going to submit a request for proposal to allow our employees to receive payment in bitcoins, to allow our residents to pay fees in bitcoins and even taxes, potentially in bitcoins, if the county allows it,  Suarez said in an interview. The official offer came after city commissioners backed his decision in February to instruct the city manager to hire a supplier that would offer employees the option to receive a percentage of their salary in bitcoin.

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New Mexico news dropped the oil price today

New Mexico news dropped the oil price today. The oil price quickly moved down after the release of the news that New Mexico broke oil production records. "New Mexico broke an oil production record in May, pumping an average 1.22 million barrels daily as the Permian Basin returned to output growth again." The Oil price dropped about 150 pips after one hour of the news release and is on the way to continue downward direction. The top level of oil price WTI New York was at $76.95 on 6th of July 2021 and since then the trend is down. The huge recovery since July 19th is impossible but temporary we may see levels close to $70 in a few days time. trading strategy is to bet into short positions. If you are not into short positions already at levels of $71.50-$72.00 and above you can enter now or wait this level to open short with a target close to $70.00.

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BofA expects Brent oil at $ 100 in 2022

Analysts at BofA Global Research view the decline in oil prices following the OPEC + decision to increase production as a bargaining opportunity and still expect Brent futures to rise to $ 100 a barrel next year.

The average price of Brent crude oil in 2021 will be $ 68 per barrel, WTI crude oil - $ 65 per barrel, according to the bank's analysts. Futures on these marks are expected to average $ 75 and $ 71, respectively, in 2022. The global oil deficit will be 1.4 million barrels per day in 2021 and 400,000 barrels per day in 2022, analysts say.

According to the bank, the new OPEC + agreement simultaneously supports and reduces both upward and downward risks for oil prices. In the next 18 months, this group of producer states will become a key player in the oil market.

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