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 gas, wti crude (mar'23), markets, investment strategy, natural gas (mar'23), ice brent crude (apr'23), breaking news: markets, business news,
Source: https://www.cnbc.com/2024/05/15/crude-oil-prices-today.html