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On May 13, the U.S. Energy Information Administration's Short-Term Energy Outlook report projected that the WTI crude oil price for 2026 will be $85.68 per barrel, down from a previous estimate of $87.41 per barrel. The forecast for the WTI crude oil price in 2027 is $74.39 per barrel, revised from an earlier expectation of $72.43 per barrel. The projected price for Brent crude in 2026 is $94.85 per barrel, down from a prior estimate of $96.00 per barrel. For 2027, the Brent price is expected to be $79.39 per barrel, revised from a previous forecast of $76.09 per barrel.

[U.S. Energy Information Administration Lowers Oil Price Forecasts for 2023]On May 13, the U.S. Energy Information Administration's Short-Term Energy Outlook report projected that the WTI crude oil price for 2026 will be $85.68 per barrel, down from a previous estimate of $87.41 per barrel. The forecast for the WTI crude oil price in 2027 is $74.39 per barrel, revised from an earlier expectation of $72.43 per barrel. The projected price for Brent crude in 2026 is $94.85 per barrel, down from a prior estimate of $96.00 per barrel. For 2027, the Brent price is expected to be $79.39 per barrel, revised from a previous forecast of $76.09 per barrel.

U.S. Energy Information Administration Lowers Oil Price Forecasts for 2023

SNS fluctuated by 78.0% within 24 hours, current price $0.000178

【SNS fluctuated over 50% in 24 hours!】SNS fluctuated by 78.0% within 24 hours, current price $0.000178

SNS fluctuated over 50% in 24 hours!

On May 13, the EIA's Short-Term Energy Outlook report projected the WTI crude oil price for 2026 to be $85.68 per barrel, down from the previous expectation of $87.41 per barrel. The forecast for the WTI crude oil price in 2027 is $74.39 per barrel, revised from an earlier expectation of $72.43 per barrel. The expected price for Brent crude in 2026 is $94.85 per barrel, down from the prior forecast of $96.00 per barrel. For 2027, the Brent price is expected to be $79.39 per barrel, revised from $76.09 per barrel.

[EIA Lowers Oil Price Forecasts for 2023]On May 13, the EIA's Short-Term Energy Outlook report projected the WTI crude oil price for 2026 to be $85.68 per barrel, down from the previous expectation of $87.41 per barrel. The forecast for the WTI crude oil price in 2027 is $74.39 per barrel, revised from an earlier expectation of $72.43 per barrel. The expected price for Brent crude in 2026 is $94.85 per barrel, down from the prior forecast of $96.00 per barrel. For 2027, the Brent price is expected to be $79.39 per barrel, revised from $76.09 per barrel.

EIA Lowers Oil Price Forecasts for 2023

On May 13, the U.S. Energy Information Administration (EIA) released its Short-Term Energy Outlook report, noting that Brent crude spot prices surged in April due to the effective closure of the Strait of Hormuz, tightening global oil supplies. Prices peaked at $138 per barrel on April 7, averaging $117 per barrel for the month. The EIA expects global oil inventories to decrease by an average of 8.5 million barrels per day in the second quarter of 2026, keeping Brent oil prices around $106 per barrel in May and June. With an increase in oil production from the Middle East, crude oil prices are expected to decline, averaging $89 per barrel in the fourth quarter of 2026 and dropping to $79 per barrel in 2027.

[EIA Projects Brent Oil Prices to Average $106 per Barrel in May and June]On May 13, the U.S. Energy Information Administration (EIA) released its Short-Term Energy Outlook report, noting that Brent crude spot prices surged in April due to the effective closure of the Strait of Hormuz, tightening global oil supplies. Prices peaked at $138 per barrel on April 7, averaging $117 per barrel for the month. The EIA expects global oil inventories to decrease by an average of 8.5 million barrels per day in the second quarter of 2026, keeping Brent oil prices around $106 per barrel in May and June. With an increase in oil production from the Middle East, crude oil prices are expected to decline, averaging $89 per barrel in the fourth quarter of 2026 and dropping to $79 per barrel in 2027.

EIA Projects Brent Oil Prices to Average $106 per Barrel in May and June

On May 13, according to the WSJ, SpaceX and Google are in discussions to explore on-orbit data centers.

[WSJ: SpaceX and Google in Talks to Explore On-Orbit Data Centers]On May 13, according to the WSJ, SpaceX and Google are in discussions to explore on-orbit data centers.

WSJ: SpaceX and Google in Talks to Explore On-Orbit Data Centers

genius Hits New High of 0.5498 USDT, Up 0.77% in 24H

【genius soared to 0.56 USDT, a new high with a 24-hour increase of 0.77%. It currently trades at 0.5498 USDT on HTX.】genius Hits New High of 0.5498 USDT, Up 0.77% in 24H

genius soared to 0.56 USDT, a new high with a 24-hour increase of 0.77%. It currently trades at 0.5498 USDT on HTX.

OSMO fluctuated by 56.72% within 24 hours, current price $0.0622

【OSMO fluctuated over 50% in 24 hours!】OSMO fluctuated by 56.72% within 24 hours, current price $0.0622

OSMO fluctuated over 50% in 24 hours!

On May 12, Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the regulatory agency is in discussions with all major U.S. professional sports leagues to strengthen the regulatory framework for sports-related predictive markets and to prevent insider trading and market manipulation risks. Selig revealed at the FINRA annual meeting in Washington that the CFTC had previously signed a memorandum of understanding for information sharing with Major League Baseball, marking its first formal data collaboration mechanism with a professional sports league. This initiative comes as predictive market platforms, such as Kalshi and Polymarket, continue to expand their sports contract offerings, raising legal disputes between state-level gambling regulators and federal regulatory authority.

[CFTC Engages with Major Sports Leagues on Predictive Market Regulation Cooperation]On May 12, Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the regulatory agency is in discussions with all major U.S. professional sports leagues to strengthen the regulatory framework for sports-related predictive markets and to prevent insider trading and market manipulation risks. Selig revealed at the FINRA annual meeting in Washington that the CFTC had previously signed a memorandum of understanding for information sharing with Major League Baseball, marking its first formal data collaboration mechanism with a professional sports league. This initiative comes as predictive market platforms, such as Kalshi and Polymarket, continue to expand their sports contract offerings, raising legal disputes between state-level gambling regulators and federal regulatory authority.

CFTC Engages with Major Sports Leagues on Predictive Market Regulation Cooperation

On May 12, the U.S. Congress and multiple state attorney general offices are investigating Sam Altman's personal investments, focusing on potential conflicts of interest and possible 'self-dealing' during his management of OpenAI. James Comer, chairman of the House Oversight Committee, has sent a letter to Altman requesting disclosure of any potential conflicts of interest, specifically mentioning Altman's advocacy for OpenAI to invest in his heavily invested company, Helion Energy. It is reported that Altman's personal investment in Helion amounts to at least $375 million, while OpenAI had considered investing approximately $500 million in the company, raising internal concerns about potential conflicts of interest. Additionally, attorneys general from several states, including Florida, Montana, and Nebraska, have also written to the U.S. SEC, requesting a review of Sam Altman's investment structure, citing 'serious conflicts of interest and risks of self-dealing.' (Forbes)

[OpenAI CEO Sam Altman's Personal Investments Under Investigation]On May 12, the U.S. Congress and multiple state attorney general offices are investigating Sam Altman's personal investments, focusing on potential conflicts of interest and possible 'self-dealing' during his management of OpenAI. James Comer, chairman of the House Oversight Committee, has sent a letter to Altman requesting disclosure of any potential conflicts of interest, specifically mentioning Altman's advocacy for OpenAI to invest in his heavily invested company, Helion Energy. It is reported that Altman's personal investment in Helion amounts to at least $375 million, while OpenAI had considered investing approximately $500 million in the company, raising internal concerns about potential conflicts of interest. Additionally, attorneys general from several states, including Florida, Montana, and Nebraska, have also written to the U.S. SEC, requesting a review of Sam Altman's investment structure, citing 'serious conflicts of interest and risks of self-dealing.' (Forbes)

OpenAI CEO Sam Altman's Personal Investments Under Investigation

1. Twitter website logo changed to Dogecoin emoji, Musk tweeted Dogecoin emoji;
2. The Arbitrum improvement proposal AIP-1 was not voted through, and the against rate was nearly 77%;
3. U.S. Justice Department seizes over $112M in funds linked to cryptocurrency investment schemes;
4. Huobi to Support the Rebranding of PGALA to ROCK;
5. S&P Global plans decentralized finance push as it looks for DeFi director.

Detail

【Huobi Breaking News】1. Twitter website logo changed to Dogecoin emoji, Musk tweeted Dogecoin emoji;
2. The Arbitrum improvement proposal AIP-1 was not voted through, and the against rate was nearly 77%;
3. U.S. Justice Department seizes over $112M in funds linked to cryptocurrency investment schemes;
4. Huobi to Support the Rebranding of PGALA to ROCK;
5. S&P Global plans decentralized finance push as it looks for DeFi director.

Huobi Breaking News

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ACA fluctuated over 50% in 24 hours!

Huobi Breaking News

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