Market Analysis
Oil Prices Fall as China Cuts Policy Rates by 10 BPS
Crude oil prices plunged to their lowest level in several months after China released weaker-than-expected economic data and announced an unexpected interest rate cut.
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SOL$69.40-3.23%
TRX$0.329-1.01%
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RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Shell has become the latest energy company to post a record annual profit last year, reaping a record $42 billion profit.
Crude oil prices plunged to their lowest level in several months after China released weaker-than-expected economic data and announced an unexpected interest rate cut.
Shell posted record profits for a second consecutive quarter amid soaring oil and gas prices.
Saudi Arabia has accelerated talks with China regarding pricing oil in Yuan as its economic relationship with the US continues to diminish.
Western companies sever relations with Russia as sanctions imposed on the Eurasian country rises following its invasion of Ukraine.
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