Oil prices hold firm amid confusion over status of Gaza cease-fire proposal
Publishing timestamp: 2024-05-06 13:35:24
Summary
Hamas accepts cease-fire proposal, Israel hesitant, Saudi Arabia raises crude prices for Asia, oil futures hold firm. Tensions in Middle East rising again. Netanyahu vows to defeat Hamas. Exxon stock falls, Microsoft invests in renewable energy, Albemarle plans to reopen mine. Solar manufacturers petition for tariffs. Saudi Arabia sees robust demand.
Sentiment: MIXED
Tickers: %40RB.1?QSEARCHTERM=%40RB, @NG.1, @LCO.1, @CL.1,
Keywords: wti crude (mar'23), markets, ice brent crude (apr'23), breaking news: markets, business news, natural gas (mar'23), investment strategy, oil and gas,
Source: https://www.cnbc.com/2024/05/06/crude-oil-prices-today.html