Oil prices rise more than 3% on mounting Middle East tensions, OPEC pledge to support market
Publishing timestamp: 2024-01-03 12:25:45
Summary
Houthi militants claim to have targeted a container ship owned by CMA CGM, but the company denies any incident. Protests in Libya have shut down an oilfield, causing oil prices to rise. OPEC pledges to remain united in supporting prices, but there are concerns about oversupply and weak demand.
Sentiment: MIXED
Keywords: energy, ice brent crude (apr'23), markets, biotechnology, wti crude (mar'23), politics, u.s. economy, oil and gas, business news, breaking news: business, health care industry, business, breaking news: markets, biotech and pharmaceuticals,
Source: https://www.cnbc.com/2024/01/03/oil-prices-rise-3percent-on-libya-disruption-opec-unity-pledge.html