U.S. crude oil falls to lowest level since June 2023, on pace for worst week in nearly a year
Publishing timestamp: 2024-09-06 13:53:35
Summary
OPEC+ delays production increase, causing oil prices to plummet. Bank of America and Citi lower oil price forecasts, while Tesla receives a buy rating for its energy storage business. Wells Fargo predicts growth in LNG market.
Sentiment: NEGATIVE
Tickers: @LCO.1, @NG.1, @RB.1, @CL.1,
Keywords: wti crude (mar'23), natural gas (mar'23), breaking news: markets, rbob gas (mar'23), ice brent crude (apr'23), business news, markets, investment strategy, oil and gas,
Source: https://www.cnbc.com/2024/09/06/crude-oil-prices-today.html