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U.S. crude oil rebounds after worst week since 2023 - TL;DR CNBC

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: marketsbreaking news: marketsoil and gaswti crude (mar'23)united statesrbob gas (mar'23)ice brent crude (apr'23)investment strategynatural gas (mar'23)business news

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


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