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Surprise drawdown signals tighter supply, lifts market sentiment In a surprising turn, US crude oil inventories fell by 4.236 million barrels during the week ending May 23, 2025, according to data released by the American Petroleum Institute (API). The drawdown sharply contrasts with both the prior week’s build of 2.499 million barrels and analyst forecasts, […]
Crypto market rallies as U.S. lawmakers advance national stablecoin framework Bitcoin soared to an all-time high of $111,588 on Thursday, May 22, as investor enthusiasm surged over regulatory progress in the United States. The rally was fueled by momentum surrounding the GENIUS Act, a newly introduced bill aimed at establishing a national framework for stablecoins. […]