🚨 OIL HITS $106 AS SAUDI ARABIA FACES FRESH ATTACKS!
🛢️ Brent crude surged 2% to nearly $107 as missile and drone attacks raise fears of further Middle East disruption.
🇸🇦 Riyadh airport remains shut.
🔥 Fresh attacks have been reported.
⚠️ Oil supply risks are back in focus.
And here’s the problem for crypto:
Higher oil prices could fuel inflation fears, complicate Fed rate cuts and put pressure on risk assets like $BTC .
But Bitcoin hasn’t confirmed a direct bearish reaction to this news.
📉 Inflation shock or another geopolitical scare the market will absorb?
🔥 Would you buy the dip — or wait for confirmation?
Source: Reuters, October 12
#bitcoin #OilPrices🛢️
🛢️ Brent crude surged 2% to nearly $107 as missile and drone attacks raise fears of further Middle East disruption.
🇸🇦 Riyadh airport remains shut.
🔥 Fresh attacks have been reported.
⚠️ Oil supply risks are back in focus.
And here’s the problem for crypto:
Higher oil prices could fuel inflation fears, complicate Fed rate cuts and put pressure on risk assets like $BTC .
But Bitcoin hasn’t confirmed a direct bearish reaction to this news.
📉 Inflation shock or another geopolitical scare the market will absorb?
🔥 Would you buy the dip — or wait for confirmation?
Source: Reuters, October 12
#bitcoin #OilPrices🛢️