Oil prices rise as market monitors Gaza cease-fire talks, OPEC production cuts
Publishing timestamp: 2024-02-27 12:27:32
Summary
Crude oil futures rose amid uncertainty in Israel-Hamas war and expectations of OPEC+ extending production cuts. President Biden hopes for cease-fire by March 4. OPEC+ likely to continue cuts beyond Q1. Traders cautious due to lack of clarity in conflicts. Various oil companies and energy leaders discussed in the article.
Sentiment: MIXED
Keywords: business news, markets, wti crude (mar'23), investment strategy, oil and gas, breaking news: markets, ice brent crude (apr'23),
Source: https://www.cnbc.com/2024/02/27/crude-oil-prices-today.html