Oil prices rise more than 2% as Goldman sees supply deficit on summer fuel demand
Publishing timestamp: 2024-06-10 16:37:32
Summary
Oil prices rose after OPEC+ decision to increase production, with analysts predicting Brent to rise to $86 in third quarter due to summer fuel demand creating a supply deficit. Year to date, U.S. oil has gained 8.5% and global benchmark is ahead 5.9%. Traders are looking ahead to Federal Reserve meeting, inflation data, and oil market reports.
Sentiment: POSITIVE
Tickers: @CL.1, %40RB.1?QSEARCHTERM=%40RB, @NG.1, @LCO.1,
Keywords: natural gas (mar'23), oil and gas, wti crude (mar'23), investment strategy, business news, markets, ice brent crude (apr'23), breaking news: markets,
Source: https://www.cnbc.com/2024/06/10/crude-oil-prices-today.html