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Oil prices fell nearly 20% in May on hopes of a US-Iran peace deal, but analysts warn inventories are low and prices could spike above $150 soon.
Oil prices recorded their biggest one-month decline in
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SpaceX is debuting on the Nasdaq under the ticker symbol SPCX.
Concerns have emerged due to a combination of rising wholesale prices, as indicated by the Producer Price Index, and signs of weakness in the labor market.
The $75 billion raised by SpaceX is more than double the previous record of $29.4 billion set by Saudi Aramco in 2019.
West Texas Intermediate and Brent crude futures both fell by 3.5% due to optimism regarding a potential deal between the U.S. and Iran.
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jun 1, 2026 · How we report