U.S. crude oil falls nearly 4%, erases 2024 gains with supply poised to rise as demand falters
Publishing timestamp: 2024-09-03 12:39:43
Summary
OPEC+ is planning to increase oil output in October, causing U.S. crude oil futures to fall. Manufacturing in China and the U.S. also fell, impacting oil demand. Tesla receives buy rating, Wells Fargo predicts growth in LNG market, and Goldman predicts Brent could fall to $68 per barrel in 2025.
Sentiment: MIXED
Tickers: @NG.1, @LCO.1, @CL.1, @RB.1,
Keywords: ice brent crude (apr'23), business news, investment strategy, oil and gas, natural gas (mar'23), wti crude (mar'23), rbob gas (mar'23), markets, breaking news: markets,
Source: https://www.cnbc.com/2024/09/03/crude-oil-prices-today.html