Oil Market Overview - Oil prices have increased, with Brent crude futures rising by 50 cents (0.74%) to $68.05 per barrel and US West Texas Intermediate crude gaining 26 cents (0.41%) to close at $63.55 per barrel, recovering from earlier losses [1] - Investor concerns persist regarding the potential for military conflict between the US and Iran, despite recent discussions mediated by Oman [2][3] Geopolitical Impact - The ongoing tensions between the US and Iran pose a risk to oil flows, particularly through the Strait of Hormuz, which is crucial for global oil transportation, accounting for about one-fifth of global oil consumption [3] - If tensions ease, there is potential for a decline in oil prices [3] Investment Opportunities in Oil and Gas Stocks - A list of the 12 best oil and gas stocks to buy has been compiled based on market capitalization and hedge fund sentiment, indicating strong institutional interest [6][7] - Duke Energy Corporation (NYSE:DUK) and Occidental Petroleum Corporation (NYSE:OXY) are highlighted as top picks, with recent price target adjustments from various research firms indicating ongoing interest and potential for growth [8][13]

OP: To sustain those margins, you need scale. How many mining rigs are you currently operating, and how many megawatts of power are you using?Our all-in breakeven is around $50,000 USD per Bitcoin and is among the lowest in the industry. This advantage comes from maintaining very low energy costs as we are paying 3–4 cents per kWh , which is much cheaper than the US-wide average which sits around 12 cents per kWh. So we are very profitable even with Bitcoin at current levels. As for where the price is going ...