Overview of Important Developments on the Evening of May 29
12:00-21:00 Keywords: El Salvador, Russian Central Bank, Donut Labs, CFTC
1. White House Trade Advisor: No doubt there is an economic emergency
2. IMF approves El Salvador's economic performance, will receive a $120 million loan
3. Russian Central Bank plans to allow eligible investors to trade crypto derivatives
4. Hassett: Tariff rulings will not affect ongoing trade agreements
5. Donut Labs completes $7 million seed round financing, led by Sequoia Capital and others
6. Former CFTC Chairman: Without granting CFTC greater authority, the crypto market will continue to lack regulation
7. UK MP Emma Reynolds: UK government has no plans to adopt a strategic Bitcoin reserve
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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