U.S. crude oil hovers around $85 as gas prices hit highest level since October
Publishing timestamp: 2024-04-04 12:10:34
Summary
Crude oil futures edged lower as traders took stock of the market after prices hit highest level since October. Geopolitical tensions, tight crude market, and summer driving season are driving prices up. OPEC+ members are voluntarily slashing production, leading to expectations of a global deficit in the second quarter.
Sentiment: MIXED
Keywords: wti crude (mar'23), ice brent crude (apr'23), investment strategy, markets, business news, oil and gas, breaking news: markets,
Source: https://www.cnbc.com/2024/04/04/us-crude-oil-hovers-around-85-as-traders-take-stock-of-rally.html