U.S. crude tops $80 for first time since November before OPEC+ decision
Publishing timestamp: 2024-03-01 12:18:12
Summary
U.S. crude oil futures top $80 barrel for first time in nearly four months as market tightens ahead of OPEC+ decision on production cuts. Various oil companies in the news, including Hess, Exxon Mobil, Chevron, Diamondback, BP, and Occidental. Technical analyst predicts Brent crude futures could break out to $95 per barrel range in second quarter. Geopolitical tensions in Israel-Hamas war.
Sentiment: NEUTRAL
Keywords: markets, benjamin netanyahu, oil and gas, israel, ice brent crude (apr'23), united states, investment strategy, wti crude (mar'23), breaking news: markets, business news,
Source: https://www.cnbc.com/2024/03/01/crude-oil-today-wti-brent-jump-as-market-tightens.html