🔥ATTENTION🔥
💥CRUDE OIL plummeted yesterday, which BENEFITS the STOCKS
Why is it important for us to closely monitor CRUDE OIL and what EFFECTS does it generate⁉️
🛢Crude oil is the most used RAW MATERIAL for INDUSTRIAL PRODUCTION
▪️When crude oil prices FALL, PRODUCTION becomes cheaper, which increases the PROFITS of COMPANIES
▪️It is no coincidence that the bullish markets of #Bitcoin and the SP500 occur when oil has a downward trend
Why did oil experience a BIG FALL today⁉️
▪️Several members of OPEC+ (Organization of the Petroleum Exporting Countries) are pushing for the group to approve a new accelerated increase in oil production for June
▪️The more production, the worse it is for the price
Why did Trump make "LOW OIL PRICES" a priority in his political campaign⁉️
🔸The price of oil directly affects the price of gasoline
🔸Promising low prices means promising more money in voters' pockets.
📍Additionally, they are a KEY component in INFLATION and less inflation could lead the FED to CUT the INTEREST RATE