Oil prices bounce back from three-month lows, but still heading for weekly loss
Publishing timestamp: 2024-05-24 10:38:18
Summary
U.S. crude oil prices hit three-month lows before rebounding, heading for weekly losses. OPEC+ to meet virtually on June 2 to review production policy. Analysts are cautious about the oil market due to oversupply concerns. Goldman recommends buying call options in stocks benefiting from AI-driven energy demand surge. Wells Fargo sees potential in dividend payers. Goldman is bullish on nuclear power and uranium, while an analyst predicts a 140% rally in a global stock due to hydrogen fuel boom.
Sentiment: NEUTRAL
Tickers: @CL.1, %40RB.1?QSEARCHTERM=%40RB, @NG.1, @LCO.1,
Keywords: russia, breaking news: markets, wti crude (mar'23), united states, investment strategy, ice brent crude (apr'23), natural gas (mar'23), business news, markets, oil and gas,