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Oil prices bounce back after three-day decline but still on pace for weekly loss - TL;DR CNBC

Oil prices bounce back after three-day decline but still on pace for weekly loss

Publishing timestamp: 2024-05-23 10:53:20


Summary

Crude oil futures bounced back after three-day decline but still on pace for weekly loss. Prices have been stuck in a range since April highs as fears of wider war in Middle East ease. UBS sees oil market in deficit and forecasts Brent will rise to $91 per barrel. Goldman recommends buying call options in stocks set to benefit from AI-driven energy demand surge. Wells Fargo is bullish long term on nuclear power and uranium. Analyst says a global stock could rally 140% on hydrogen fuel boom.


Sentiment: MIXED

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

Keywords: investment strategywti crude (mar'23)oil and gasmarketsnatural gas (mar'23)breaking news: marketsice brent crude (apr'23)business news

Source: https://www.cnbc.com/2024/05/23/crude-oil-prices-today-wti-brent-rise-after-three-day-decline-.html


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