Quote from: Pmalek on Today at 08:58:07 AM

Russia produces a lot of oil. But because of the war, there are problems with the supply. Russia is being sanctioned by the whole world. There are even reports of Russian ships carrying oil being banned from entering certain ports. The result is less oil on the market but no shortage in demand. Therefore the price of the available reserves are going up.

Maybe it is also that traders are selling Cryptocurrencies to quickly get into Oil investments? Since Bitcoin's latest drops seem to be in a somewhat correlation with positive Oil changes, it may be a trendy move?

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Regards,
PrivacyG