On May 30, according to CCTV Finance, during a conference hosted by investment firm Bernstein, Chevron CEO Mike Wirth stated that due to the situation in Iran, global crude oil inventories are continuously declining, and oil prices are likely to rise in the next two months. The Financial Times reported that Wirth's remarks reflect widespread concerns: even if the conflicting parties reach a ceasefire agreement, the negative impact of the conflict on energy prices will persist for months. Additionally, CNN reported on the 28th that due to the ongoing geopolitical conflicts in the Middle East, the U.S. Strategic Petroleum Reserve is declining at a rare pace not seen in recent years, and commercial crude oil inventories are also at low levels.
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US Oil Giant Predicts Higher Oil Prices This Summer
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This Week, US Spot Bitcoin ETFs Experience Net Outflows of $1.4156 Billion
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S&P 500 Index Set for Rare Nine-Week Winning Streak
On May 29, hopes that a ceasefire agreement could bring an end to the Middle East conflict have propelled the U.S. stock market towards a rare weekly winning streak record, with a surge in artificial intelligence trading also boosting the market. The S&P 500 index has rebounded nearly 20% from the lows triggered by the war and is poised for its ninth consecutive week of gains, marking the longest winning streak since December 2023. Such a rare occurrence has only happened a few times since 1985. On Friday, the index edged higher, hovering near record highs. -
Grayscale to Introduce $115 Million HYPE Token Seed Funding for Hyperliquid Staking ETF
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BTC Falls Below $73,000
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U.S. Stock Indices Open Slightly Higher; Dell Rises Over 30%
On May 29, U.S. stocks opened with the three major indices slightly higher, with the Dow Jones up 0.18%, the S&P 500 up 0.09%, and the Nasdaq up 0.16%. Dell (DELL.N) surged over 30% as its first-quarter earnings exceeded expectations. Stocks of AI server manufacturers also rose, with Super Micro Computer (SMCI.O) up over 7% and HP (HPQ.N) up over 6%. -
Musk Denies Reports of SpaceX Lowering IPO Valuation Target to At Least $1.8 Trillion
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