U.S. crude oil rebounds after worst week since 2023
Publishing timestamp: 2024-09-09 09:13:11
Summary
U.S. crude oil futures rebounded nearly 1% after worst week since October 2023. Weak demand in China and OPEC+ delaying production boost have contributed to falling prices. Goldman Sachs expects Brent to trade between $70 to $85 per barrel. Various companies and trends in the oil and gas industry are discussed in the article.
Sentiment: NEUTRAL
Tickers: @LCO.1, @RB.1, @CL.1, @NG.1,
Keywords: markets, breaking news: markets, oil and gas, wti crude (mar'23), united states, rbob gas (mar'23), ice brent crude (apr'23), investment strategy, natural gas (mar'23), business news,
Source: https://www.cnbc.com/2024/09/09/crude-oil-prices-today.html