Global Oil Price Drops Below $100 a Barrel

Global oil prices have fallen below $100 a barrel, with further dips below $90 occurring as investors expect a damaged Saudi Arabian pipeline to reopen soon. Simultaneously, Bitcoin price action maintained support around $86,000, avoiding a significant decline. This stability in the cryptocurrency market follows a pledge from US president Donald Trump to secure a deal with Iran after the November midterm election, influencing investor sentiment across both the energy and digital asset sectors.