Brent crude sees steepest weekly drop since April 2020, UBS warns of price floor
The steep drop in Brent crude highlights market volatility, but depleted inventories may stabilize prices, impacting global economic forecasts. The post Brent crude sees steepest weekly drop since April 2020, UBS warns of price floor appeared first on Crypto Briefing.
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Crude oil
Unrefined petroleum extracted from the ground; Brent and WTI are its main global price benchmarks.
Oil prices feed into fuel, transport and goods costs, and so into inflation.
More about Crude oilCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
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