According to The Kobeissi Letter, OPEC has agreed to increase oil production by 411,000 barrels per day starting in May 2025, which is more than initially expected. This decision is likely to impact oil prices, which The Kobeissi Letter suggests are declining regardless of the production increase. This move could potentially lead to further shifts in global oil market dynamics and influence trading strategies surrounding crude oil futures.

According to The Kobeissi Letter, OPEC has decided to increase its crude oil production by 411,000 barrels per day starting in May 2025, exceeding market expectations. This decision is significant for traders as it could potentially lead to a further decline in oil prices, which are already under pressure. The increase in supply might impact oil futures and related trading strategies.

According to Aggr News, FTX has announced its next distribution date for May 30, 2025, specifically targeting customers with balances exceeding $50,000. This move is part of FTX's ongoing efforts to manage asset returns and improve customer trust post-restructuring. Traders with significant holdings should prepare for potential liquidity adjustments around this date. [Source: Aggr News]