Market watchers are predicting a bearish outlook for crude oil prices, with fears of a drastic fall if OPEC+ unwinds its existing output cuts. Tom Kloza, global head of energy analysis at OPIS, warns that oil prices could plummet to $30 or $40 a barrel without a real agreement to curb production, potentially erasing around 40% of current prices. Currently, global benchmark Brent is trading at $72 a barrel, while U.S. West Texas Intermediate futures are around $68 per barrel.
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Gambling has never been easier in the US — that’s a problem
The rise of online gambling in the U.S. has led to a significant increase in problem gambling, with individuals like Kayla, 25, accumulating debts of $40,000 from online games like solitaire. Following a 2018 Supreme Court ruling that legalized sports betting in 38 states, online wagers surged to $121.1 billion in 2023, exacerbating addiction issues, particularly among younger populations. Experts advocate for regulation and protective measures, such as self-imposed limits and consumer tools, to mitigate...
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