TL;DR CNBC

U.S. crude oil falls nearly 4% as traders worry about inflation affecting demand

Publishing timestamp: 2023-12-12 16:10:23

Summary

U.S. crude oil dropped nearly 4% due to concerns about inflation and the Federal Reserve's interest rate policy. Oil markets are worried about oversupply and weakening demand. Traders are skeptical about OPEC's promised supply cuts.

Sentiment: NEGATIVE

Tickers: @LCO.1,  @CL.1, 

Keywords: ice brent crude (apr'23),  wti crude (mar'23),  oil and gas,  business news, 

Source: https://www.cnbc.com/2023/12/12/us-crude-oil-falls-4percent-as-traders-worry-about-inflation-impacting-demand.html