S&P 500 Forward 12-Month P/E Falls to 17.7, Below 5- and 10-Year Averages
S&P 500 forward 12-month P/E, last 10 years ｜ Now 17.7, below the 5-year (19.8) and 10-year (19.1) averages
2026-11 Financial Charts
English financial charts and market context published in 2026-11, page 11.
US Levered/Inverse ETFs Draw Record $13bn Inflow in October 2026
Monthly fund flows into US-listed levered/inverse ETFs ｜ October 2026 saw +$13bn, the largest monthly inflow on record
IEA Sees Renewable Capacity Additions Growing 57% in 2026-2031
Global renewable capacity additions, 2020-2025 vs 2026-2031 forecast ｜ The coming five years rise 57%, led by solar PV and wind
Brent Crude Falls Over $6 Intraday on Nov 4, From $101.3 to $94.5
Front-month Brent, minute-by-minute on Nov 4 2026 ($/bbl) ｜ Slid from ~$101.3 to ~$94.5 through the session
Global Crude Oil-in-Transit Climbs to a Record 1.28 Billion Barrels
Global crude oil in transit (billion barrels) ｜ Now ~1.28B, an all-time high, up ~180M barrels in recent weeks
Michigan Consumer Sentiment ~51 Official, ~70 Bias-Adjusted
Michigan Consumer Sentiment, official vs bias-adjusted ｜ Official near 51 while bias-adjusted sits around 70, a ~20-point gap
US Job-Openings-to-Unemployed Ratio Rebounds to 1.06 From 0.87
US ratio of job openings to unemployed workers, 2000-2026 ｜ Back up to 1.06 from a recent low of 0.87, below the 2022 peak of 2.04
US Retail Investors Net-Buy Stocks for 22 Straight Sessions, 6th-Longest Run Since 2017
Length in sessions of every retail net-buy run since 2017 ｜ The current 22-session streak is the 6th-longest since 2017, below the 32-session peak in 2021
US Goods-Sector Wage Growth at 4.2% y/y, Outpacing Services at 2.8%
Average hourly earnings growth, goods vs private services, 2024-2026 ｜ Goods +4.2% y/y vs services +2.8%, the widest gap of the period
UMich Consumer Sentiment Rises to 51.0 in Early November, a Three-Month High
University of Michigan consumer sentiment and components since 2021 ｜ Preliminary November reading 51.0, the highest since August, with 1-year inflation expectations easing to 4.3%
Unemployed Bankers in Zurich Climb to 1,672 in October, a Record High
Registered unemployed bank staff in Canton Zurich, 2023-2026 ｜ 1,672 in October 2026, a record high and up 31.3% from a year earlier
74% of S&P 500 Companies Beat Q3 Revenue Estimates, With Energy at 100%
Share of S&P 500 companies above/in-line/below revenue estimates by sector, Q3 ｜ 74% beat overall; Energy 100% and Info Tech 93% lead, Consumer Disc. 54% lowest
S&P 500 Forward P/E Eases to 17.7x, Near Its 30-Year Average, While CAPE Stays High
S&P 500 forward P/E ratio, 1996-2026 ｜ Now 17.7x, close to the 30-year average of 17.2x, but CAPE at 38.9x is above its 28.9x average
Euro-Area Unemployment at 6.5% in September, Czechia Lowest at 2.8%, Finland Highest at 10.5%
Unemployment rates by EU country, September 2026 ｜ Euro area 6.5% and EU 6.2%; Czechia is lowest at 2.8% and Finland highest at 10.5%
S&P 500 Bear-Market Rallies, 2000-2002: Eight Bounces of +5% to +21% Amid a 49% Fall
S&P 500 during the 2000-2002 bear market ｜ Eight rallies of +5% to +21% punctuated an overall decline of 49%
S&P 500 Info Tech YTD Gain Shrinks from 31% to 9.5% in a Month, Energy Leads
S&P 500 sector YTD returns, one month ago vs Nov 5 ｜ Info Tech fell from +31% to +9.5% while Energy leads near +42% and laggards caught up
Hyperscaler Capex Seen Reaching ~$1.16tn in 2027 as AI Earnings Growth Peaks
Consensus hyperscaler capex estimates and S&P 500 AI-infrastructure EPS growth ｜ Capex ~$808bn in 2026 (+96%) and ~$1.16tn in 2027; AI EPS growth peaks near 80% and slows to ~40% in 2027
Fed Funds Futures Pull Back; the Dec 2027 Contract Eases From ~4.8% to ~4.3%
Federal funds rate target and futures for various months (%) ｜ Target stepped up to ~3.875%; the Dec 2027 contract eased from ~4.8% to ~4.3%
US Mean BMI: Low-Income at 30.6 Now Exceeds High-Income at 29.0
US mean body mass index by income group, 1865-2022 ｜ In 2022 low income at 30.6 vs high income at 29.0; the SES-obesity link inverted around 1940-60
Euro-Area Inflation Still at 4% in October, Double the ECB's 2% Target
Euro-area annual inflation vs the ECB's 2% target ｜ Peaked at 8.4% in 2022, easing to 4.0% by October 2026 — still twice the target
Morgan Stanley's COR1M Implied-Correlation Index Jumped to 22.84
Morgan Stanley COR1M index, 2023-2026 ｜ Rose to 22.84 on Nov 5, a sharp jump from recent lows
The 2s10s Curve After the September 2026 Hike Is Tracking the 1997 One-and-Done Path
2s10s change in bps around the first Fed hike since 1970 ｜ The September 2026 path mirrors 1997's one-and-done, not the historical average's drift toward inversion
US Daily Put Option Volume Hit a Record 11.23 Million Contracts on Nov 5
CBOE's top 10 daily US put option trading volumes ｜ Nov 5, 2026 set a record at 11.23M contracts, topping the 10.22M from April 2025
US Equity Market Cap Still Up About $5 Trillion YTD After Falling Over $5 Trillion From Its Peak
Change in US equity market cap since Jan 1, 2026 ｜ Still up roughly $5 trillion year-to-date, but down from a peak of about +$10.5 trillion
2-Year and 10-Year Treasury Yields Ease While the 10y10y Forward Holds Near 5.7%
2-year, 10-year and 10y10y forward Treasury yields, 2026 ｜ Short-term yields have fallen while the 10y10y forward holds near 5.7%, pointing to fiscal stress rather than AI
Nasdaq 100 Forward P/E Falls to 19x, the Lowest Since October 2022
Nasdaq 100 forward P/E, 5-year lookback ｜ Now 19x, down 25% from the January peak of 25.3x and in the 1st percentile over five years
US Nonfarm Labor Productivity Rose 3.5% Annualized in Q3 2026, Largest Since Q3 2025
US nonfarm business sector labor productivity, QoQ annualized growth ｜ Q3 2026 at 3.5%, the largest gain since Q3 2025's 4.4%
~12.4 GW of US Data-Center Capacity at Risk of Delay, 4.9 GW in 2028 the Largest
US data-center capacity at risk of delay (GW), 2028-2030 ｜ Texas and Ohio could delay 4.9 GW in 2028 and 3.8 GW in 2029, 12.4 GW cumulatively by 2030
US Weekly Market Heatmap: Semis Lead Losses With MU -22% and NVDA -8.8%, Amazon +7.9%
Weekly performance heatmap of US stocks by sector ｜ Semis slump with MU -22% and AVGO -10%, while Amazon stands out at +7.9%
VIX Futures Curve Flips From Contango to Backwardation, Front Month Above 25 on Nov 6
VIX futures term structure on three dates ｜ On Nov 6 the front month at about 25.5 sits above later months in backwardation, versus contango on Oct 9
US Months-of-Supply Rose 91% Over 3 Years in North Carolina, the Largest State Gain
Change in months of housing supply by US state, 3-year ｜ North Carolina +91%, the biggest increase nationwide as of August 2026
S&P 500 Q3 2026 EPS Grows 31.4% Year-Over-Year, Energy Leads at 149%
S&P 500 sector Y/Y earnings growth, Q3 2026 ｜ Index up 31.4%, led by Energy at +149% and Info Tech at +69%, with 7 of 11 sectors growing double-digits
Full EV Adoption Could Cut Türkiye's Car-Fleet Energy Use From About 150 TWh to 45 TWh
Car-fleet annual energy use and savings by electrification rate ｜ At 1% EV it's about 150 TWh, falling to roughly 45 TWh at 100%, saving around 100 TWh
Japanese Assets Lead the Daily Selloff, JGB 2Y Moves -7.5 Standard Deviations, TOPIX -6.1%
1-day asset moves in standard deviations (trailing 252 days) ｜ JGB 2Y is the most extreme at about -7.5σ, with TOPIX and Nikkei both down over 6%
US Productivity Rose at the Fastest Pace in a Year as Labor Costs Fell
US productivity and unit labor costs, SAAR QoQ ｜ Q3 productivity ~3.5%, the fastest in a year, while labor costs fell for the first time since Q2 2025
Oil Consumption Per Capita: Singapore Tops at 93.6 Barrels, Four Gulf States in Top 8
Annual oil consumption per person by country, top 20 ｜ Singapore highest at 93.6 barrels; Saudi Arabia 36.7, US 22.1; four Gulf producers in the top 8
Nasdaq's Melt-Up Tracks the Late-1990s at 0.97 Correlation, Aligning With October 1998
Nasdaq indexed from the 2022 low vs from the 1994 low ｜ Correlation 0.97; today 24,315 (2.38x the low), matching Oct 1998, ~17 months before the March 2000 peak
Hyperscaler Investment's Contribution to US GDP Peaks in Late 2026, Then Fades
YoY change in hyperscaler investment as a share of US GDP and AI wealth-effect scenarios on PCE growth ｜ Investment contribution peaks near 1.4-1.5% in Q3-Q4 2026, then declines through 2027
China's Chip-Heavy Star50 Index Has Tumbled as Much as 48% From Its June High
China's Star50 Index, late 2025 to November 2026 ｜ Down as much as 48% from the June-July peak near 2,200, falling below 1,200 in November
Xiaomi MiMo Moves to a Causal Encoder-Decoder: Prefill Runs Only 25 of 49 Layers
Xiaomi MiMo HySparse2 attention and cache reuse ｜ Prefill runs 25 layers and decode 49; each cross FA selects 1,024 global plus 128 recent tokens
US Data-Center Net Additions: Under-Construction Capacity Peaks in 2028, Then Rides on Announced Projects
US data-center net additions (MW-gross), 2026-2030 ｜ Under-construction capacity peaks near 36,000 MW in 2028; 2029's ~135,000 MW total leans on announced projects
US Data Center Net Additions Seen Reaching ~135,000 MW by 2029, Led by Under-Construction Capacity
US data center capacity net additions (MW-gross), 2026-2030 ｜ ~100,000 MW in 2028 and ~135,000 MW in 2029; announced capacity drives 2029-30
US Fertility Rate Falls to 1.62 in 2025, Well Below the 2.1 Replacement Level
US total fertility rate, 1976-2025 ｜ Peaked at 2.10 in 2007, down to 1.62 by 2025 — below the 2.1 replacement rate
S&P 500 Expanded Tech Forward P/E at 19.6x, the Lowest in Almost Eight Years
S&P 500 expanded tech forward P/E ratio since 1994 ｜ Now 19.6x, below the 22.0x median and the lowest in nearly eight years
S&P 500 Forward 12-Month P/E Falls to 17.7x, the Lowest in More Than 3 Years
S&P 500 forward 12-month P/E ratio, last 10 years ｜ Now 17.7x, below the 5-year average of about 19.8x and the 10-year average of about 19x, a 3-year-plus low
EU vs US Metrics: Median Disposable Income PPP $47k in the US, $21k in the EU
EU vs US quality-of-life and economic indicators ｜ Median disposable income (PPP) $21k in the EU vs $47k in the US; average home 100 vs 230 m²
October 2026 Tungsten Prices Split by Origin: Rotterdam APT Tops at $278/kg
Tungsten prices by origin and product type (US$/kg), Oct 2026 ｜ Rotterdam warehouse APT leads at $278/kg vs China FOB APT at $184/kg
US Nonfarm Payroll Growth Rebounded in October as the Jobless Rate Eased
US monthly nonfarm payroll change and the unemployment rate ｜ October hiring rebounded above 100k while the jobless rate eased toward ~4.0%
Correlation Between the S&P 500's Top Two Sectors Turns -0.25 in 2026, First Negative in 54 Years
252-day correlation of the top two S&P 500 sectors by calendar year, 1973-2026 ｜ 2026 YTD at -0.25, the first negative reading in 54 years
US Unemployment Rate Fell to 4.1% in October While U-6 Rose to 7.9%
US headline unemployment rate and the broader U-6 rate ｜ October: unemployment 4.1%, U-6 up to 7.9%, the two measures diverging recently
Gold -6% and Bitcoin -13% Are 2026's Worst-Performing Major Assets YTD
Annual total returns by asset class, 2011-2026 ｜ In 2026 YTD gold -6% and bitcoin -13% lag, while commodities lead at +41%
2015 Energy Forecasts vs Reality: Renewables Came in 3x and Solar 7x Expectations
Energy growth 2013-2025, IEA's 2015 expectation vs actual ｜ Renewable additions hit +3,600 GW, 3x expected, and solar +2,300 GW, 7x expected
S&P 500 Q3 2026 Revenue Growth by Sector: Info Tech 42.9%, Energy 36.0% Lead
S&P 500 Y/Y revenue growth by sector, Q3 2026 ｜ Info Tech 42.9% and Energy 36.0% lead; the index at 14.3%, above last month's reading
S&P 500 Forward P/E Falls Below 18 to 17.8x, Under Its 5- and 10-Year Averages
S&P 500 forward P/E ratio, 2025-2026 ｜ Now 17.8x, below the 5-year average of 19.8x and the 10-year average of 19.2x
US Private-Sector Average Hourly Earnings Rose 14 Cents to $38.00 in October
Monthly change in US private-sector average hourly earnings (dollars) ｜ October rose about $0.14 to $38.00, up 3.1% year over year
US Data Center Construction Pipeline Runs About 6x 2025 Spending
US data center construction pipeline vs 2025 spending ($bn) ｜ Under construction ~$301bn (~6x 2025's $50bn); the entire pipeline reaches $1,925bn
US 10-Year Treasury Yield Eases to 4.90%, Hugging Its Uptrend Line
US 10-year Treasury yield, daily, 2023-2026 ｜ 4.90% on Nov 5, pulling back slightly after rising along the uptrend line
US October Nonfarm Payrolls Rise 165,000, a Third Straight Gain, With Aug-Sep Revised Up 84,000
US monthly nonfarm payroll change, two data vintages ｜ October added 165,000, a third straight monthly gain, with August and September revised up a combined 84,000
US Excess M2 Growth and PCE Inflation Have Moved Together Since 1960
Excess M2 growth vs headline PCE inflation, quarterly, 1960-2026 ｜ Excess M2 hit 92.5% in 2020 Q2, excluded from the chart to keep the pattern visible
One-Year H100 Rental Contracts Rise to $2.85/hr/GPU, Up 21% in Six Months
One-year H100 rental contract price, 2026 ｜ Up from $2.35/hr in March to $2.85/hr in September, a 21% gain in six months
US Nonfarm Payroll Monthly Change Rebounded in October as the 3-Month Average Turned Up
US nonfarm payrolls monthly change and 3-month moving average, 2021-2026 ｜ October rebounded above 150k, lifting the 3-month average off its mid-year low
US High-Frequency Dashboard: Growth Near 3%, Inflation 4.3%, Labor Market Softening
US daily and weekly high-frequency economic indicators ｜ Real-time growth near 3%, inflation Y/Y at 4.3%, with initial claims and job postings both weakening
SentimenTrader's Aggregate Signal Model Reads 0.73, Still in Favorable Territory
SPX vs the Aggregate Signal Model, 2022-2026 ｜ The model's latest reading of 0.73 sits in the green favorable zone, with SPX at 7,376.86
Fed Total Assets Rebound to $6.75 Trillion From the Late-2025 Low
Federal Reserve total assets, 2019-2026 ($ trillions) ｜ Now $6.75T, down from the 2022 peak of $8.96T but rising again since the late-2025 low
US Semiconductor 2-Year Forward P/E Halves to 11.4x, a Multi-Year Low
US semiconductor index 2-year forward P/E, 2022-2026 ｜ Now about 11.4x, down from a June peak of 22.5x, the lowest in years
Global Inflation 2026 Map: World Average 4.7%, Venezuela Highest at 467.9%
2026 inflation rates by country ｜ World average 4.7%, US 3.6%, China 1.0%; Venezuela highest at 467.9%, Niger lowest at -1.9%
AI Memory-Stock Basket Falls 51% From Its June Peak, Its Deepest Pullback Yet
Goldman Sachs memory-exposed stock basket, 2022-2026 ｜ Peaked at +1,202% on June 22, down to +540% by Nov 5, a 51% drawdown from the high
Gold and Bitcoin 50-Day Correlation to the S&P 500 Rises to About 60%
Gold and Bitcoin 50-day correlation to stocks and bonds, since 2005 ｜ Both now correlate about +60% with the S&P 500, moving with risk assets lately
VIX One-Day Jumps Since 1990: the Nov 5 2026 Spike Started From an Unusually Low Level
One-day change in the VIX vs the prior session's close, since 1990 ｜ Only two spikes have started calmer and gone further than Nov 5, 2026
US Momentum vs Minimum-Volatility Equities Hit a ~5 Standard-Deviation Overshoot
US equity momentum-versus-minimum-volatility price ratio and trend ｜ Recent ratio near 1.44, a ~5 standard-deviation overshoot, above the 2000, 2008 and 2021 peaks
France's 10-Year Yield Spread Over Germany Jumps to About 170 bps, Above Italy and Spain
Euro-area 10-year government bond yield spreads over Germany (bp), 2020-2026 ｜ France's spread recently surged to about 170 bps, topping Italy and Spain
Hedge Funds Degross: Fundamental TMT -811 bps on the Week, Multistrats -315 bps
Hedge fund performance by strategy (bps), Nov 5 ｜ Fundamental TMT -811 bps week-over-week leads the losses, multistrats -315 bps as the selloff deepens
SOXL 3x Semis ETF Draws Down Over 85% in 2026, Leveraged Tech -55%
Drawdowns for leveraged tech, tech and SOXL in 2026 ｜ SOXL is down about 85% from its high, leveraged tech about 55%, and plain tech about 15%
BofA Breaks Down Data-Center Cost per Megawatt: Servers at $31.4mn Are the Largest Share
Key data-center equipment and vendors, content per megawatt ｜ Servers top the bill at $31.4mn/MW, with networking at $4.8mn and UPS and generators at $1.1mn each
China Now Burns More Coal Than the Rest of the World Combined, Over 40,000 TWh
Coal consumption in TWh, China vs rest of world, 1965-2025 ｜ China now exceeds the rest of the world combined, which has stayed near 20,000 TWh for four decades
Goldman Hedge-Fund Gross Leverage Drops 8.7pt in a Week, the Largest Since Covid
US fundamental long/short leverage, 2022-2026 ｜ Gross leverage fell to 207.5, down 8.7pt on the week — the biggest drop since March 2020, now the 26th percentile over one year
Six Canadian Oil Deals Above C$1bn Hit C$35bn in 2026, Shell-ARC Is 64% of It
Canadian upstream oil deals above C$1bn, 2026, headline value ｜ Six deals total C$35bn, with Shell's C$22.3bn purchase of ARC Resources making up 64%
Iranian Rial's Daily Gain vs the Dollar Topped 4 Std Dev on June 15
Daily rise in the Iranian rial versus the US dollar, in historical standard deviations ｜ June 15 exceeded 4 SD, the largest; Sep 13 and Nov 4 show renewed rial strength
US Computer and Semiconductor Imports Hit a Record $86.9B in September, Up 151% Y/Y
US imports of computers, accessories and semiconductors (US$ bn), 1994-2026 ｜ September rose to a record $86.9B, up 151% Y/Y, an annualized pace above $1 trillion
US Flood Expected Annual Loss by County, 2025: Darkest Counties Top 0.14% of Building Value
Flood expected annual loss as % of building value, US counties 2025 ｜ High-risk bands span the West and Appalachia, with the top tier above 0.14% of building value
AI Stocks' 6-Month Excess Return Over Non-AI Has Swung to About -35%
Trailing 6-month price-return difference, Broad AI vs S&P 500 ex-AI (percentage points) ｜ Down from ~+67% in Sep 2025 to about -35% recently
A 4% S&P 500 Drop Above the 200-DMA Is Just the 7th Ever, With Positive Average Forward Returns
S&P 500 forward returns after a 4% one-day drop above the 200-DMA ｜ Only the 7th occurrence; average +5.6% at 3 months and +12.2% at 12 months
US Initial Jobless Claims Fall to 189,000, Four-Week Average at 194,750
US weekly initial jobless claims, 2025-2026 ｜ Fell 6,000 to 189,000 in the week ended Oct 31, four-week average down to 194,750
Apple (AAPL) Prints a Long-Wicked Weekly Candle, Trading Near $343
Apple $AAPL weekly candlestick chart, Sep-Nov ｜ The latest week shows a wide-range candle with long upper and lower wicks, closing around $343
S&P 500 Information Technology Trades at 17x Forward P/E, Below the Index and Real Estate
Consensus forward 12-month P/E by S&P 500 sector ｜ Tech at 17x, below the index's 18x and in just the 31st percentile over 10 years
Morgan Stanley: 12.4 GW of US Data-Center Capacity at Risk of Delay by 2030
US data-center capacity at risk of delay, 2028-2030 ｜ Texas and Ohio could push back 4.9 GW in 2028, with 12.4 GW cumulative at risk by 2030
Brent, WTI and Dubai Crude Peak in Mid-September, Then Ease as Risk Premium Fades
Brent, WTI and Dubai spot crude prices, 2026 ｜ Oil spiked after the Sep 10 attack, with Brent briefly above $130, before rolling over recently
Gold Miners Surge With GDX +13.6% While Energy XLE Sinks 12% and Oil Drops 12.8%
Weekly moves in resources, mining and energy ETFs and commodities ｜ Gold miner GDX +13.6% and silver +5.7%, versus energy XLE -12% and WTI oil -12.8%
Top 10 Stocks Make Up 39% of the S&P 500, Up From 25% in 1999
Share of S&P 500 market cap held by its 10 largest companies, 1999 vs 2026 ｜ 39% ($27.1tn) in Oct 2026, up from 25% ($3.1tn) in 1999
Dietary Underreporting Rises With Body Weight; Obese Adults Report Far Less Than They Burn
UK measured vs reported energy and US share of true intake reported by BMI ｜ Obese adults burn ~3,000 kcal but report 1,801; at BMI 40 reporting falls to 62-71% of true intake
Trade-Weighted Dollar vs G10 Climbs to About 99, EM Currencies Rebound in Tandem
Trade-weighted dollar against G10 and EM currencies, 2026 ｜ As of Nov 6 the G10 index is near 99 and EM near 97, both recovering from September lows
IEA: Global Renewable Capacity Additions Reach 4,750 GW in 2026-2031, Up 57% From Prior Five Years
Renewable capacity additions, two five-year periods ｜ 2026-2031 forecast at about 4,750 GW, 57% above the roughly 3,000 GW added in 2020-2025
Hartnett's Three Risk-Off Conditions Unmet: 10Y Yield 4.88%, Oil $91 Still Too High
BofA Hartnett's three thresholds to turn risk-on and their status ｜ 10Y yield 4.88% above 4.5%, WTI $91 above $80; none met yet
US 10-Year Yield Around the First Fed Hike: Sep 2026 Path Tracks the 1997 One-and-Done
US 10-year yield change around the first Fed hike, since 1970 (bps) ｜ The Sep 2026 path hugs the 1997 one-and-done hike, with yields peaking and rolling over
Silver Trades About 30% Below Its 200-Day Moving Average, a First Since March 2020
Silver price relative to its 200-day moving average, 2019-2026 ｜ The ratio has fallen to 0.72, roughly 30% below trend, matching March 2020 levels
BofA's Hartnett: Tech Leaders Broke, but 'No Retreat' While the S&P 500 Holds 7,000
BofA Hartnett's key market lines ｜ Nvidia $186.64, TSMC $375.44 and MAGS $67.53 all broke, but the S&P 500 still holds above 7,000
Levered ETF Rebalancing Drove an Estimated ~$57bn of US Equity Selling on Nov 5
Estimated daily US equity flows from levered ETF rebalancing ($bn) ｜ Nov 5, 2026 near -$57bn, the largest single-day outflow since 2020
Bitcoin/Gold Ratio Falls to 21 as Flows Rotate From Bitcoin Into Gold
BTC/gold ratio and cumulative fund flows, 2018-2026 ｜ The ratio has slipped from a 37.3 peak to 21.2 as money rotates out of bitcoin and into gold
Brent Crude Curve in Backwardation: Prompt Futures $98.29, Curve Slopes Toward $72 by 2029
Brent forward curve and recent price history ｜ Prompt ICE Brent $98.29, Dated Brent $96.31; the curve slopes down toward $72 by 2029
Annualized Revenue per Active MW, 2Q26: NBIS Leads at $11.1M
Annualized revenue per active MW by company (US$M), 2Q26 ｜ Neoclouds NBIS at $11.1M and IREN at $10.4M far exceed colocation and emerging AI infra names