Prediction markets are regulated by the federal Commodities Futures Trading Commission, even in states that don’t allow gambling. That could spark a legal battle to define an industry with little oversight in fields from sports to national security.
Exxon Mobil and Chevron posted their lowest annual profits since 2021 in their earnings reports on Friday, a sign that now is not really a time when big oil is looking to make any kinds of sizeable investments in new oil production.
Cuba is set to lose access to one of its main suppliers of oil after the Trump administration captured Venezuelan President Nicolás Maduro earlier this month.
“If you're a U.S. energy company looking at investment in Venezuela, you're not looking at this for, you know, a six-month return. You're looking at decadal investments.” said Landon Derentz at the Atlantic Council.
Disruptive geopolitical events, like the arrest of Venezuela’s Nicolás Maduro by the U.S., often see investors jump into bonds or sell off a bunch of stocks temporarily. Neither of those happened.
