Name: Crude Oil & Bitcoin Price Headwinds
Uploaded: 2022-11-10T19:27:42.588
Duration: 9 min 37 s
Description: The crude oil price hit a low of $84.70 overnight. "Rising Covid cases in China are one of the causes for the drop. Yesterday's inventory report was pretty bearish as well as they keep unloading the SPR or strategic petroleum reserve. IEA warned that crude oil at $100 a barrel could damage the global economy. Also, the bitcoin price hit the lowest level in 2 years overnight," says Bill Baruch.

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The crude oil price hit a low of $84.70 overnight. "Rising Covid cases in China are one of the causes for the drop. Yesterday's inventory report was pretty bearish as well as they keep unloading the SPR or strategic petroleum reserve. IEA warned that crude oil at $100 a barrel could damage the global economy. Also, the bitcoin price hit the lowest level in 2 years overnight," says Bill Baruch.