Oil prices fall as market weighs U.S. inventory data, interest rate outlook
Publishing timestamp: 2024-03-07 10:29:34
Summary
Oil prices edged lower after gains from Powell's comments on interest rates, supported by smaller-than-expected inventory increase. Various oil companies in focus for potential takeover targets. Goldman Sachs forecasts Brent to rise near top of range.
Sentiment: MIXED
Keywords: markets, jerome powell, investment strategy, breaking news: markets, oil and gas, wti crude (mar'23), united states, business news, ice brent crude (apr'23),
Source: https://www.cnbc.com/2024/03/07/crude-oil-prices-today.html