Oil prices fall as rally takes a pause while traders watch Israel-Lebanon tensions, summer demand
Publishing timestamp: 2024-06-25 13:47:12
Summary
U.S. crude oil prices are hovering around $81 per barrel as recent rally stalls due to geopolitical tensions between Israel and Iran-backed militia Hezbollah. Despite a recent pullback, analysts expect oil prices to potentially rise again with strengthening demand and bullish fundamentals. Various forecasts predict different outcomes for oil prices in the future.
Sentiment: MIXED
Tickers: @LCO.1, @CL.1, @NG.1, @RB.1,
Keywords: investment strategy, natural gas (mar'23), ice brent crude (apr'23), oil and gas, wti crude (mar'23), markets, rbob gas (mar'23), business news, breaking news: markets,
Source: https://www.cnbc.com/2024/06/25/crude-oil-prices-today.html