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Brent oil below $78 for the first time since January 2021

Photo by Zbynek Burival / Unsplash

A huge negative for Russian oil exporters. There are several reasons for the drop in oil:

Shrinking demand amid recession.

The persistence of Russian oil in the market. The market believes this.

Opening Venezuela to Chevron.

The decline in oil demand in Europe. Ironically, Europe is actively increasing coal consumption

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Hyundai has released a "copy" of the Tesla - Reuters

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Bank of America has no plans to offer crypto services

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

What will be next?

What will be next?

Bitcoin for the second day in a row does not observe the correlation with the Nasdaq index, and even act as a leading indicator for the subsequent stock price movement. Or they just decided to shave $232 million off the bears 😇 Overall, the crypto market remains in a state of