Fashion for cryptocurrency continues

News of the day, Monday, April 4 

Jet fuel prices are surging on the US East Coast, where the busiest airports are located. Since the start of the invasion in Ukraine, the USA and its allies have been imposing heavy sanctions on Russian industry, leading to energy resources supply concerns worldwide. East Coast jet fuel prices have reached record highs recently, trading at $6.60 per gallon on Friday, doubling the seasonal average.

Today, oil prices increased above $105 per barrel as the Iranian nuclear deal delays and the possibility of new sanctions on Russia raise supply fears. Brent crude increased by 0.6%, and WTI crude rose by 1.1% today. Despite Biden’s drastic measures to decrease crude prices with the release of strategic petroleum reserve (SPR), oil prices continue to react to the global supply chain risks. "Will the release of barrels from strategic reserves fill a shortfall caused by sanctions and buyer aversion to Russian oil? In a word, no," said Stephen Brennock of oil broker PVM.

Off White now accepts cryptocurrency payments (Bitcoin, Etherium, XPR, BNB, USDT and USDC) in their London, Paris and Milano flagship shops. "This is another important step in the growth of the brand that looks towards the future including Web 3.0 technologies, understanding the needs and desires of its ever-evolving customer base," a statement from Off-White reads.

The price of Brent crude is $105.20, WTI — $100.30, GBP/USD — 1.3117, EUR/USD — 1.1026, and gold costs $1929.30 per ounce.