Oil prices fall 2%, dipping below $50, on oversupply concerns [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Getty Images A truck used to carry sand for fracking is washed in a truck stop in Odessa, Texas. Oil prices fell on Monday on signs of oversupply in the United States and as investor sentiment remained under pressure from concern over the prospects for global economic growth and fuel demand. Brent crude oil was down 66 cents, or 1.1 percent, at $59.62 per barrel by 11:48 a.m. ET (1648 GMT), after earlier rising as high as $61.21. U.S. light crude fell $1.12, or 2.2 percent, to $50.08, sliding from a session high at $51.87. U.S. crude futures fell after inventories at the storage hub of Cushing, Oklahoma rose by more than 1 million barrels between Dec. 11 and Dec. 14, traders said, citing data from market intelligence firm Genscape. Traders and market participants closely watch supplies at the hub because it is the delivery point for the futures contract and underpins nearly all other regional crude grades. show chapters
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CMCSA
Earnings
- 4/25/24 - Beat
CMCSA
Sec Filings
- 4/25/24 - Form 8-K
- 4/17/24 - Form 4
- 4/17/24 - Form 3
- CMCSA's page on the SEC website