Oil prices hold firm after rally as OPEC sticks to demand and steady economic growth forecasts
Publishing timestamp: 2024-06-11 11:46:55
Summary
OPEC maintains oil demand forecasts for 2024 and 2025, leading to a rally in oil prices after last week's sell-off. Despite bearish sentiment, some analysts believe the market will enter a deficit in the third quarter. Traders are also monitoring the Federal Reserve meeting and U.S. inflation data.
Sentiment: NEUTRAL
Tickers: @CL.1, %40RB.1?QSEARCHTERM=%40RB, @NG.1, @LCO.1,
Keywords: natural gas (mar'23), oil and gas, united states, wti crude (mar'23), investment strategy, business news, markets, ice brent crude (apr'23), breaking news: markets,
Source: https://www.cnbc.com/2024/06/11/crude-oil-prices-today.html