U.S. crude oil falls below $70 per barrel to nine-month low amid uncertainty over OPEC+ production
Publishing timestamp: 2024-09-04 15:43:17
Summary
Oil prices fell below $70 per barrel as concerns about rising supplies and weakening demand persist. OPEC+ may delay production increases, while uncertainty remains about the impact of political disputes on oil supply. Some analysts believe the market is too pessimistic and expect prices to recover in the coming months.
Sentiment: MIXED
Tickers: @NG.1, @CL.1, @RB.1, @LCO.1,
Keywords: oil and gas, rbob gas (mar'23), breaking news: markets, business news, ice brent crude (apr'23), investment strategy, natural gas (mar'23), markets, wti crude (mar'23),
Source: https://www.cnbc.com/2024/09/04/crude-oil-prices-today.html