#oilpricefalls OIL PRICES HAVE DROPPED! What This Means for Bitcoin, Stocks & Energy Traders.
The extra cost of oil due to war worries has gone away.
After the US and Iran agreed to a peace deal, which allowed tankers to pass through the Strait of Hormuz again oil prices have lost most of their gains from the conflict.
📉 Brent Crude: around $73.31, from almost $120
📉 WTI Crude: around $71.12
This is the biggest drop in oil prices for a quarter since the 2020 COVID crash. Brent crude is down about 30%. Wti crude is down 29% in the second quarter of 2024.
🔥 Why Is Oil Price Dropping?
✅ Oil tankers are moving through the Strait of Hormuz again.
✅ Saudi Arabia has started exporting oil from terminals again.
✅ The US is producing a lot of oil. 13.93 Million barrels per day which's a record.
✅ People think there will be progress in peace talks between the US and Iran.
The extra cost of oil that made prices go up has almost disappeared.
📊 Why Traders Should Care
Stocks: Lower oil prices mean pressure from inflation which can make stocks go up.
🟢 Crypto: When energy costs go down and people feel less worried about risks they often invest in assets like Bitcoin and other digital coins.
Central Banks: Cheaper energy can help keep inflation under control. This might mean that interest rates will stay the same or even go down if inflation keeps dropping.
👀 Markets to Watch
🛢️ Brent Crude 🛢 WTI Crude ₿ Bitcoin 📈 S&P 500 ⚡ Energy stocks
A big drop in oil prices doesn't just affect gas prices. It can also change what people think about inflation how banks set interest rates and how much risk people are willing to take in markets.
The big question is: Will cheaper oil help crypto and stocks go up or are people underestimating how much the economy will slow down because of the drop in oil prices?
👇 What's your next move?
**Are you Bullish, on Bitcoin 📈 or Energy Stocks() 📉?
#Khan62 #OilMarket #crypto #Market_Update
$BTC $TLN.US $CL
The extra cost of oil due to war worries has gone away.
After the US and Iran agreed to a peace deal, which allowed tankers to pass through the Strait of Hormuz again oil prices have lost most of their gains from the conflict.
📉 Brent Crude: around $73.31, from almost $120
📉 WTI Crude: around $71.12
This is the biggest drop in oil prices for a quarter since the 2020 COVID crash. Brent crude is down about 30%. Wti crude is down 29% in the second quarter of 2024.
🔥 Why Is Oil Price Dropping?
✅ Oil tankers are moving through the Strait of Hormuz again.
✅ Saudi Arabia has started exporting oil from terminals again.
✅ The US is producing a lot of oil. 13.93 Million barrels per day which's a record.
✅ People think there will be progress in peace talks between the US and Iran.
The extra cost of oil that made prices go up has almost disappeared.
📊 Why Traders Should Care
Stocks: Lower oil prices mean pressure from inflation which can make stocks go up.
🟢 Crypto: When energy costs go down and people feel less worried about risks they often invest in assets like Bitcoin and other digital coins.
Central Banks: Cheaper energy can help keep inflation under control. This might mean that interest rates will stay the same or even go down if inflation keeps dropping.
👀 Markets to Watch
🛢️ Brent Crude 🛢 WTI Crude ₿ Bitcoin 📈 S&P 500 ⚡ Energy stocks
A big drop in oil prices doesn't just affect gas prices. It can also change what people think about inflation how banks set interest rates and how much risk people are willing to take in markets.
The big question is: Will cheaper oil help crypto and stocks go up or are people underestimating how much the economy will slow down because of the drop in oil prices?
👇 What's your next move?
**Are you Bullish, on Bitcoin 📈 or Energy Stocks() 📉?
#Khan62 #OilMarket #crypto #Market_Update
$BTC $TLN.US $CL