Cointime

Cointime

Download App
iOS & Android
Home / Point

U.S. and Brent Crude Oil Prices Drop Over 2%

On June 4, international oil prices experienced a sharp decline, with WTI crude oil futures falling by 2.25% to $93.858 per barrel, and Brent crude oil futures dropping by 2.31% to $95.551 per barrel. In related news, Trump stated that the U.S. is in final negotiations to end the war in Iran.

Comments

All Comments

Recommended for you

  • Spot Silver Reaches $75/Ounce, Up 3.16% for the Day

    Spot silver has reached $75 per ounce, increasing by 3.16% during the day.

  • Blackstone's Flagship Private Credit Fund Limits Investor Redemptions for the First Time

    On June 4, Blackstone Group (BX.N) implemented restrictions on redemption requests for its flagship private credit fund after investors sought to redeem 10% of their shares. This marks the fund's first limitation on redemption applications, making it the latest fund to tighten redemption limits amid a wave of investor withdrawals. According to documents submitted on Thursday, the $79 billion Blackstone private credit fund has informed shareholders that it will only fulfill 5% of redemption requests. In the previous quarter, the fund allowed investors to redeem a record 7.9% of shares, aided by executives using their own funds to assist with financing. Jim Zelter, Co-President of Apollo Global Management, stated that following the previous redemption restrictions, investors are intensifying their efforts to reclaim funds, suggesting that there may be more 'turmoil' in the non-traded BDC (business development company) sector.

  • U.S. Initial Jobless Claims for Week Ending May 30 at 225,000

    The number of initial jobless claims in the U.S. for the week ending May 30 was 225,000, compared to an expectation of 213,000. The previous value was revised from 215,000 to 212,000.

  • CleanSpark: Sold a Total of 654 BTC in May, Total Bitcoin Holdings Reach 13,470 BTC

    Nasdaq-listed Bitcoin mining company CleanSpark released an unaudited operational update for May 2026, revealing that it mined 671 BTC during the month. However, it sold 404 BTC in spot transactions and an additional 250 BTC through options exercise. As of May 31, the total Bitcoin holdings reached 13,470 BTC. CleanSpark also announced the appointment of a new Senior Vice President of Finance to enhance the financing capabilities of its AI data center projects, aiming to transform into an AI and digital infrastructure platform.

  • Generalist AI, Supported by Nvidia, Secures $400 Million Funding at $2 Billion Valuation

    AI robotics startup Generalist AI has announced the completion of a new funding round, raising $400 million and achieving a valuation of $2 billion. This round was led by Radical Ventures, with participation from 8VC, Union Square Ventures, Hanabi Capital, and existing investors Nvidia and Bezos Expeditions. Generalist AI is currently focused on applying advanced artificial intelligence technology in the robotics field, developing AI models capable of handling increasingly complex tasks. The funding will be used to accelerate the company's technology development and expand its robotic intelligence capabilities.

  • U.S. Oil Falls 4%, Below $92 Mark

    On June 4, WTI crude oil futures fell below $92 per barrel, dropping 4.23% during the day. Brent crude oil futures also declined by 3.88%, settling at $94.011 per barrel. In related news, Trump stated that the U.S. is in final negotiations to end the war in Iran.

  • Nasdaq Futures Drop 1.43%

    On June 4, Nasdaq 100 index futures extended their decline, reaching an intraday low, currently down 1.43%.

  • Spot Gold Surpasses $4,500

    On June 4, spot gold reached $4,500 per ounce, an increase of 1.49% for the day. Spot silver rose over 2% during the day, currently priced at $74.17 per ounce.

  • S&P 500 Futures Drop 0.6%

    On June 4, S&P 500 futures continued their downward trend, reaching an intraday low with a decline of 0.6%.

  • SpaceX Launches First IPO Roadshow, Plans to Offer 555,555,555 Class A Common Shares to the Public

    SpaceX has initiated its initial public offering (IPO) roadshow, planning to offer 555,555,555 shares of Class A common stock to the public. Retail investors will be able to participate at the same price as large institutions, with an expected price of $135 per share. The underwriters are set to receive a 30-day option to purchase up to an additional 83,333,333 shares of Class A common stock. The IPO roadshow for the 555,555,555 shares of Class A common stock has commenced. An application has been filed to list the Class A common stock on the Nasdaq Global Select Market and Nasdaq Texas under the ticker symbol 'SPCX'. Goldman Sachs, Morgan Stanley, Bank of America Securities, Citigroup, JPMorgan, Barclays, and other firms will serve as book-running managers for this offering. (Jin Shi)

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company