The dollar rose against major rivals, owing to its status as a safe-haven investment. The possibility of more Covid restrictions in China’s biggest cities also weighed on crude futures. Bitcoin tumbled to an 18-month low under $25,000 as investors shunned risky assets. Global markets, oil prices, and bitcoin all fell on Monday as recession fears … Read more
World oil prices sank more than five percent Monday on fears that China’s worsening Covid outbreak should slam demand from the essential electricity client. Europe’s benchmark settlement Brent North Sea crude fell as low as $101.20 consistent with barrel and US WTI oil dropped to $96.85. China is suffering to get a grip on a … Read more
Stock markets and oil charges slumped Monday on developing concern that lockdowns in China aimed at combating a worsening Covid outbreak could similarly damage an international economic system battling decades-excessive inflation. The losses prolonged the final week’s promote-off prompted via Federal Reserve boss Jerome Powell indicating that the USA principal financial institution might hike hobby fees by … Read more
Stock markets and oil prices slumped Monday on the developing situation that lockdowns in China aimed toward preventing a worsening Covid outbreak may want to in addition damage an international economic system battling much years-high inflation. The losses extended the remaining week’s promote-off triggered with the aid of Federal Reserve boss Jerome Powell indicating that … Read more
