#BrentWTITop$100 Brent WTI Top $100
🛢️ Brent & WTI Oil Prices Push Above $100
Oil has once again become one of the biggest macro factors for global markets.
Brent crude has moved above $100 per barrel, while WTI has also pushed above the $100 level amid continued geopolitical tensions and concerns about supply disruptions.
Why should crypto traders care about oil?
Because energy prices have a direct relationship with inflation.
Higher oil prices can lead to:
🔥 Higher inflation
🏦 More pressure on central banks
📈 Higher bond yields
💵 Stronger dollar expectations
📉 Pressure on risk assets