According to The Kobeissi Letter, oil prices have fallen sharply following reports that OPEC may discuss raising oil production by over 411,000 barrels per day starting in July. This increase comes as the oil market remains weak, signaling downward pressure on energy prices. For cryptocurrency traders, lower oil prices could reduce inflationary pressures, potentially influencing central bank policies and risk appetite for digital assets, as energy costs are a key driver of global economic sentiment (Source: The Kobeissi Letter, May 30, 2025).