Wednesday was a volatile trading day for the crude oil market as both Brent and WTI fluctuated up to 4% down, after a surprising move by the OPEC group and its allies including Russia, to push back from this weekend to Nov

While the blue-chips digital coins Bitcoin and Ethereum climbed up to 15-month highs of $38,000 and $2,100 respectively last week, Solana has been the one token that has posted a massive and remarkable rally in the same period

The cooler-than-expected U.S. CPI inflation reading on Tuesday sparked a massive rally across the global stock markets and the growth-sensitive currencies, as it has increased the hopes that the Federal Reserve will have less motivation to raise interest rates further.

Both Brent and WTI crude oil prices tumbled over 4% on Tuesday, to have their lowest finish since end-July of $81.61/b and $77.37/b respectively, on the back of a slowdown in China’s oil demand and fuel exports, and the rising inventories, despite the fear of supply disruptions in the oil-rich Middle East.

Bitcoin finally broke above the key $35,000 resistance level on Thursday morning, climbing as high as $37,000, the highest since May 2022, while some major altcoins hit fresh yearly highs as strong demand is flowing back into the crypto ecosystem, driven by the optimism around the launch of the first spot Bitcoin ETF.

All 3 U.S. stock indices have started November on the right footing, posting their best trading week of the year so far last week, on hope for an end to the Federal Reserve’s rate-hiking campaign coupled with the solid Q3 earnings, the soft U.S. NFP data report, the falling crude oil prices, and the weaker U.S. dollar.