U.S. crude oil stages comeback, rises nearly 1% after second-quarter growth beats expectations
Publishing timestamp: 2024-07-25 15:18:30
Summary
U.S. crude oil prices rise after stronger-than-expected economic growth and declining inventories. Concerns about China's economy causing volatility in oil futures. China cutting rates to stimulate economy, impacting oil demand. Solar stocks may benefit if Trump wins, while clean energy investors fear his win. Big Tech facing energy consumption issues due to AI.
Sentiment: MIXED
Tickers: @RB.1, @LCO.1, @NG.1, @CL.1,
Keywords: ice brent crude (apr'23), natural gas (mar'23), business news, markets, oil and gas, rbob gas (mar'23), wti crude (mar'23), breaking news: markets, investment strategy,
Source: https://www.cnbc.com/2024/07/25/crude-oil-prices-today.html