Oil settles nearly flat as bitcoin and chip stocks weaken
Friday's Chain, Crude & Chips: small oil moves, bitcoin below $70,000 and broader pressure on semiconductor shares.
Oil settled nearly flat Friday while bitcoin and major chip shares weakened. The oil figures below are settlements; the crypto and equity figures are timed intraday observations.
Crude: small daily moves after Thursday's jump
January Brent settled at $95.84 a barrel, up $0.02, or about 0.02%. December WTI settled at $88.56, down $0.18, or about 0.2%. The two contracts moved in different directions, but neither matched Thursday's large advance.
The settlement is a fixed contract price for the session. Later electronic-trading quotes can differ without changing that settlement. This is also why a report of nearly flat prices does not mean that the risks around energy supply have disappeared.
Chain: below $70,000, without a closing bell
Bitcoin was quoted at $68,842.91 at 3:41 PM ET, down 3.61%, in CNBC's Coin Metrics feed. Friday market reports also recorded a move below $70,000.
That is an intraday observation, not a current price for readers later in the evening or an official US closing price. The stock market's closing bell does not end cryptocurrency trading.
Chips: a broader decline
CNBC's regular-session quote fields showed AMD at $534.06, down 8.75%; Nvidia at $162.85, down 2.01%; and Broadcom at $347.01, down 4.76%, when checked at 4:11 PM ET. Separate after-hours fields were not used in those comparisons.
Those are fixed provider observations checked shortly after the closing bell, not a live feed. The weakness extended beyond Nvidia to competitors that had risen Thursday. A change in share price is not by itself evidence of new contracts, lost orders or a revised company forecast.
The AMD story covers the earlier selloff, while the Dusk Ledger adds the broader equity and inflation picture.
