Oil leaving Middle East trades over $100 a barrel. Here’s how it could affect bitcoin

Oil leaving Middle East trades over $100 a barrel. Here’s how it could affect bitcoin Murban crude, a key benchmark for barrels that can bypass the Strait of Hormuz, now trades at $103 per barrel. What to know: - Murban crude, a key benchmark for barrels that can bypass the Strait of Hormuz, has surged above $100 a barrel, signaling acute geopolitical stress and supply fears. - A sustained spike in physically delivered oil prices could spill into broader benchmarks, tighten financial conditions, and pressure risk assets such as global equities and bitcoin. Oil barrels that can still reliably r

Oil leaving Middle East trades over $100 a barrel. Here’s how it could affect bitcoin Murban crude, a key benchmark for barrels that can bypass the Strait of Hormuz, now trades at $103 per barrel. What to know: - Murban crude, a key benchmark for barrels that can bypass the Strait of Hormuz, has surged above $100 a barrel, signaling acute geopolitical stress and supply fears. - A sustained spike in physically delivered oil prices could spill into broader benchmarks, tighten financial conditions, and pressure risk assets such as global equities and bitcoin. Oil barrels that can still reliably r