World oil market continues to decline

World oil market continues to decline

Crude oil: $103 (down 6%)

Brent oil: $108 (down 5.85%)

Today, US President Joe Biden shared with the public the statements that the details will be shared in a short time, where he will meet with the CEOs of seven major companies and talk about what they can do to increase production capacity .

Major currency pairs are a list of popular currencies paired with the USD. The basket of major coins consists of only 7 pairs. As these currency pairs make up the majority of the Forex market's turnover, conclusions are expected from the discussions.

As the global recession began to reduce the US fuel oil prices, while national concerns continued, Joe Biden said; “We are considering deferring the federal tax of 18.4 cents on gasoline for three months,” he said.

President Biden said that they aim to suspend fuel taxes from states as well.