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Oil prices rise as crude inventories fall and U.S. inflation eases - TL;DR CNBC

Oil prices rise as crude inventories fall and U.S. inflation eases

Publishing timestamp: 2024-05-16 12:07:25


Summary

U.S. crude stockpiles declined, oil prices rose, inflation eased, futures traders predict Fed might cut interest rates, Goldman recommends buying call options in AI-driven energy stocks, Wells Fargo bullish on nuclear power and uranium, global stock could rally on hydrogen fuel boom.


Sentiment: MIXED

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

Keywords: investment strategyice brent crude (apr'23)oil and gasbreaking news: marketsbusiness newswti crude (mar'23)united statesmarketsnatural gas (mar'23)

Source: https://www.cnbc.com/2024/05/16/crude-oil-prices-today.html


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