Summary
- It was reported that global oil prices were falling below $110 a barrel as expectations grew for a US-Iran breakthrough in talks.
- Brent crude was down more than 6% from the previous session, extending the decline in global oil prices.
- Bitcoin (BTC) traded at $80,173 on CoinMarketCap, down 0.08% from a day earlier, but continued to hold the $80,000 level.
Forecast Trend Report by Period
Oil prices are falling as hopes rise for a breakthrough in talks between the US and Iran. Bitcoin (BTC) held the $80,000 level.
CoinDesk reported on October 26 that Brent crude had fallen more than 6% from the previous session and was trading below $110 a barrel.
Expectations that tensions between the US and Iran could ease appeared to pressure oil prices.
The Financial Times reported that Iran is holding talks with officials from Saudi Arabia, Pakistan and Turkey. Qatari officials had also visited Iran earlier, the report said.
As of 8:10 p.m., Bitcoin was trading at $80,173, down 0.08% from a day earlier, according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.