Oil prices rise as IMF raises growth forecast, market braces for U.S. response to drone attack
Publishing timestamp: 2024-01-30 11:22:51
Summary
The article discusses how oil prices rose after the International Monetary Fund raised its global growth forecast and as the market awaited the U.S. response to a drone attack in the Middle East. It mentions various factors influencing oil prices, including geopolitical tensions, China's real estate crisis, and the balance between supply and demand. It also discusses the possibility of broader conflict between the U.S. and Iran, but notes that both parties have strong incentives to avoid direct confrontation.
Sentiment: MIXED
Tickers: @CL.1, @LCO.1, @LCO.4,
Keywords: brent crude oil (dec'20), ice brent crude (apr'23), joe biden, breaking news: markets, business news, energy, markets, wti crude (mar'23),
Source: https://www.cnbc.com/2024/01/30/crude-oil-prices-today-wti-brent-down-on-gaza-truce-proposal.html