Oil prices pull back as U.S. economic growth disappoints
Publishing timestamp: 2024-04-25 09:54:10
Summary
First quarter GDP growth was softer than expected, leading to a pullback in crude oil futures. Oil prices closed lower as global inventories rise. Solar manufacturers petition for tariffs, while tensions between Iran and Israel ease. Analysts predict limited downside risk for oil prices, with growing demand and smaller capacity additions. Various financial institutions offer different perspectives on the energy sector and inflation.
Sentiment: MIXED
Tickers: @NG.1, %40RB.1?QSEARCHTERM=%40RB, @CL.1, @LCO.1,
Keywords: breaking news: markets, oil and gas, business news, investment strategy, markets,
Source: https://www.cnbc.com/2024/04/25/crude-oil-prices-today.html