Oil on pace for monthly gain as OPEC+ expected to extend cuts, inflation rises as expected
Publishing timestamp: 2024-02-29 10:57:04
Summary
Crude oil futures are set for a second consecutive monthly gain as OPEC+ is expected to extend production cuts and inflation data is in line with expectations. Prices have risen due to various factors including conflicts in the Middle East. Various oil companies are in the news for different reasons, such as takeover targets and earnings reports.
Sentiment: NEUTRAL
Keywords: breaking news: markets, investment strategy, business news, wti crude (mar'23), markets, oil and gas, ice brent crude (apr'23),