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U.S. crude oil falls below $82 a barrel after disappointing inflation, manufacturing data - TL;DR CNBC

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 strategymarketswti crude (mar'23)business newsoil and gasice brent crude (apr'23)rbob gas (mar'23)breaking news: marketsnatural gas (mar'23)

Source: https://www.cnbc.com/2024/04/30/crude-oil-prices-today.html


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