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U.S. crude oil holds above $78 a barrel as stockpiles fall - TL;DR CNBC

U.S. crude oil holds above $78 a barrel as stockpiles fall

Publishing timestamp: 2024-05-15 12:02:36


Summary

World oil demand is forecast to grow by 1.1 million barrels per day this year, down from last month's projection. Global crude inventories surged in March, leading to fluctuations in oil prices. OPEC+ is expected to assess global inventories at its June meeting. Goldman is bullish on certain stocks related to AI-driven energy demand surge, nuclear power, and hydrogen fuel.


Sentiment: NEUTRAL

Tickers: %40RB.1?QSEARCHTERM=%40RB@CL.1@NG.1@LCO.1

Keywords: oil and gaswti crude (mar'23)marketsinvestment strategynatural gas (mar'23)ice brent crude (apr'23)breaking news: marketsbusiness news

Source: https://www.cnbc.com/2024/05/15/crude-oil-prices-today.html


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