Skip to main content

MoneyWorks4Me

Crude oil futures end slightly lower on Thursday

03 May 2024 Evaluate

Crude oil futures ended slightly lower on Thursday amid traders continued to gauge risks to the flow of oil in the Middle East amid ongoing cease-fire talks between Israel and Hamas. However, a softer dollar helped lift oil prices from low after the U.S. Federal Reserve signaled it was still leaning toward eventual reductions in interest rates. 

Benchmark crude oil futures for June delivery fell $0.05 or 0.06% to settle at $78.95 a barrel on the New York Mercantile Exchange. However, Brent crude for July delivery gained $0.23 or 0.27% to $83.67 per barrel on London's Intercontinental Exchange.