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Oil Price Nears Yearly High: Is a Stock and Crypto Crash Coming?

Oil Price Nears Yearly High: Is a Stock and Crypto Crash Coming?
AI summary

Brent crude touched $117.42 per barrel on Friday, October 23, its highest level in a year, as Wall Street struggles and Bitcoin has fallen sharply. The report flags a renewed US war with Iran after the midterm elections as an added risk for markets. Traders care because rising oil tends to feed inflation and risk-off selling, pressuring crypto alongside equities.

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