Oil to post weekly gain as Israel bombs southern Gaza city after rejecting Hamas ceasefire offer
Publishing timestamp: 2024-02-09 09:06:05
Summary
The article discusses how oil prices are set to post a weekly gain due to ongoing conflict in the Middle East. Despite tensions in the region, crude supplies have not been substantially disrupted. The article also mentions concerns about oversupply due to record U.S. production and a faltering economy in China. However, crude prices found support after the U.S. Energy Department forecasted slower growth in U.S. production and a slight global supply deficit this year.
Sentiment: NEUTRAL
Keywords: breaking news: markets, wti crude (mar'23), energy, business news, investment strategy, oil and gas, ice brent crude (apr'23), markets,
Source: https://www.cnbc.com/2024/02/09/crude-oil-prices-today.html