U.S. crude oil on pace for second weekly gain as gasoline demand surges
Publishing timestamp: 2024-06-21 12:59:45
Summary
U.S. crude oil prices have gained for the week as gasoline demand surges to post-pandemic highs. Energy stocks are up, and analysts expect further increases in demand heading into the Fourth of July holiday. However, there are concerns that the oil rally could start to fade, and OPEC+'s decision to increase oil supply is seen as a bearish surprise for the market.
Sentiment: MIXED
Tickers: @CL.1, @RB.1, @LCO.1, @NG.1,
Keywords: rbob gas (mar'23), business news, breaking news: markets, natural gas (mar'23), investment strategy, wti crude (mar'23), oil and gas, ice brent crude (apr'23), markets,
Source: https://www.cnbc.com/2024/06/21/crude-oil-prices-today.html