U.S. crude oil on pace for worst month of year ahead of weekend OPEC+ meeting
Publishing timestamp: 2024-05-31 11:28:24
Summary
OPEC+ members are expected to review voluntary output cuts, with analysts predicting they will likely keep the cuts in place. U.S. oil is down in May, with weak gasoline demand and lackluster oil demand. GE Vernova is gaining momentum in the energy transition sector.
Sentiment: NEUTRAL
Tickers: @LCO.1, %40RB.1?QSEARCHTERM=%40RB, @CL.1, @NG.1,
Keywords: markets, business news, ice brent crude (apr'23), oil and gas, investment strategy, wti crude (mar'23), breaking news: markets, natural gas (mar'23),
Source: https://www.cnbc.com/2024/05/31/crude-oil-prices-today.html