U.S. crude oil falls below $82 a barrel after disappointing inflation, manufacturing data
Publishing timestamp: 2024-04-30 11:40:56
Summary
The U.S. is pushing for a Gaza ceasefire to prevent an Israeli offensive against Rafah. Oil prices dropped due to disappointing economic data and fears of interest rate hikes. Israel has proposed a hostage deal in exchange for a ceasefire, potentially easing regional tensions and reducing geopolitical risks in the oil market.
Sentiment: MIXED
Tickers: @NG.1, @RB.1, @CL.1, @LCO.1,
Keywords: investment strategy, markets, wti crude (mar'23), business news, oil and gas, ice brent crude (apr'23), rbob gas (mar'23), breaking news: markets, natural gas (mar'23),
Source: https://www.cnbc.com/2024/04/30/crude-oil-prices-today.html