Oil on pace for weekly gain as Middle East turmoil overshadows stubborn inflation, demand outlook
Publishing timestamp: 2024-02-16 12:47:17
Summary
Crude oil futures are on track for a weekly gain due to tensions in the Middle East. Despite stubborn inflation and uncertain demand, speculative traders are taking advantage of the situation. There are conflicting predictions about global oil demand, creating uncertainty in the market.
Sentiment: MIXED
Tickers: @LCO.4, @CL.1, @LCO.1,
Keywords: united states, brent crude oil (dec'20), business news, investment strategy, markets, ice brent crude (apr'23), breaking news: markets, oil and gas, israel, wti crude (mar'23),
Source: https://www.cnbc.com/2024/02/16/crude-oil-today.html