Russian oil floods the market—diesel prices set to plunge
Trump announced that Russia will immediately supply more than 300,000 tonnes of diesel to the US and global markets, with another 500,000 tonnes in November, followed by an additional 1 million tonnes. A further 3 million tonnes is also due to arrive in the short term.
A sharp drop in diesel prices could bring down the energy component of US CPI, fuel rate-cut bets, and attract buying in interest-rate-sensitive risk assets. The odds of crypto following suit are rising.
Would you dare to use leverage to go long at this level?
$BTC $ETH $SOL #通胀 #Energy
Trump announced that Russia will immediately supply more than 300,000 tonnes of diesel to the US and global markets, with another 500,000 tonnes in November, followed by an additional 1 million tonnes. A further 3 million tonnes is also due to arrive in the short term.
A sharp drop in diesel prices could bring down the energy component of US CPI, fuel rate-cut bets, and attract buying in interest-rate-sensitive risk assets. The odds of crypto following suit are rising.
Would you dare to use leverage to go long at this level?
$BTC $ETH $SOL #通胀 #Energy