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U.S. crude oil falls below $70 per barrel to nine-month low amid uncertainty over OPEC+ production - TL;DR CNBC

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 gasrbob gas (mar'23)breaking news: marketsbusiness newsice brent crude (apr'23)investment strategynatural gas (mar'23)marketswti crude (mar'23)

Source: https://www.cnbc.com/2024/09/04/crude-oil-prices-today.html


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