Oil prices edge lower as U.S. crude inventories rise, OPEC+ considers extending production cuts
Publishing timestamp: 2024-02-28 11:49:02
Summary
Crude oil futures edged lower due to rising U.S. crude inventories, while OPEC+ considers extending production cuts. Various oil companies are in the news for different reasons, including takeover targets and earnings reports. OPEC+ is expected to keep crude prices in $70 to $90 range. Geopolitical tensions in Middle East are also supporting crude prices.
Sentiment: NEUTRAL
Keywords: business news, investment strategy, breaking news: markets, ice brent crude (apr'23), wti crude (mar'23), oil and gas, markets,
Source: https://www.cnbc.com/2024/02/28/crude-oil-prices-today-wti-brent-higher-as-us-crude-stocks-rise.html