✨Hello traders! Hope you're doing great! Let's look through some news that is interesting for today's market session:
🇪🇺🛢The EU agreed on the eighth package of sanctions against Russia. The package will include limiting the price of Russian. The final document will be adopted today, October 5.
☢️The cryptocurrency market is growing today due to the recovery of the main stock indices. Dow Jones, S&P500, and NASDAQ showed gains from 2.8% to 3.34%. Bitcoin and other cryptocurrencies reacted with a 1.8% increase.
🛢Biden administration does not consider new SPR oil releases. In September, the US was actively selling its strategic oil reserves. A total of 180 million barrels have been dumped on the market since the beginning of the year.
SPR - US Strategic Oil Reserves are used to support the oil market and prevent oil price growth.
🇸🇦🇷🇺🇺🇸🛢US tries to talk OPEC out of sharp cuts in oil production. OPEC considers a 2 million b/d cut.
📈Goldman predicts a significant decline in US inflation in 2023.
🐥Musk offered Twitter to continue the deal with $54.20 per share. Stocks reached with 12% increase.
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