WTI crude oil prices have rebounded to around $78.48 but face resistance from a descending trendline, while Brent crude is recovering above its 50-period EMA and approaching the 100 EMA, signaling potential bullish momentum. U.S. crude inventories unexpectedly rose, though gasoline and distillate stocks remain low due to high refinery use. OPEC+ is easing production cuts, but supply recovery is uneven amid ongoing disruptions in Persian Gulf exports linked to the Strait of Hormuz conflict. Natural gas prices remain bearish technically, trading below key moving averages despite strong U.S. storage and LNG demand. Market volatility persists as geopolitical risks and supply uncertainties continue to influence energy prices.
TPC Group has agreed to be acquired by ENEOS Holdings, which will take over its petrochemical and terminal operations in Texas and Louisiana. This acquisition aims to strengthen ENEOS's position in the petrochemical C4 value chain and support continu...
The White House announced it will remove unnecessary regulations on Bitcoin and cryptocurrencies, following a May 2026 executive order to ease federal rules hindering digital asset activities. This move aims to integrate cryptocurrencies more fully i...
Bitcoin options data from Deribit reveals a strong bullish sentiment as call options heavily outweigh puts, with the largest open interest at the $70,000 strike price. Although Bitcoin trades near $64,000, close to the 'max pain' level where option b...
Bitcoin whales holding between 10 and 10,000 BTC have accumulated over 20,000 BTC worth $1.2 billion since late July, while U.S. spot bitcoin ETFs have drawn $754 million in inflows this week, marking their strongest week since April. Despite this si...
Pepeto, a new crypto project built on Ethereum, is finalizing its DeFi suite launch amid bullish Ethereum price predictions reaching up to $10,000 this year. While Ethereum's price growth potential is capped near 6x due to its large market cap, early...
