U.S. crude oil rises more than 1% to trade above $79 per barrel, extending last week's gains
Publishing timestamp: 2024-06-17 11:06:51
Summary
Oil prices are rising after a three-week losing streak, with analysts expecting summer fuel demand to tighten the market. Traders are analyzing mixed economic data from China, with uncertainty over oil demand growth. OPEC and IEA have differing outlooks on global oil demand. Various stocks and sectors are discussed as potential plays in the energy market.
Sentiment: MIXED
Tickers: @LCO.1, %40RB.1?QSEARCHTERM=%40RB, @CL.1, @NG.1,
Keywords: breaking news: markets, natural gas (mar'23), markets, oil and gas, investment strategy, ice brent crude (apr'23), wti crude (mar'23), business news,
Source: https://www.cnbc.com/2024/06/17/crude-oil-prices-today.html