Oil Heads for Weekly Advance Ahead of Critical US Inflation Data [Financial Post (Toronto, Ontario, Canada)]
Chevron Corporation (CVX)
Last chevron corporation earnings: 5/1 06:45 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Oil headed for a weekly gain ahead of US inflation data that may give further clues on the path forward for monetary policy, shaping appetite for risk assets including commodities such as crude. Global benchmark Brent rose above $89 a barrel and is up more than 2% for the week, while West Texas Intermediate was near $84. The Federal Reserve's preferred inflation figure is due later Friday, coming hard on the heels of data showing weaker US economic growth. Other gauges of price rises in the US remained hotter-than-expected, suggesting the timing of rate cuts may be pushed back. Article content Article content Crude has advanced this year on supply cutbacks from OPEC+ and geopolitical tensions in the Middle East, including heightened tension between Israel and Iran that lifted Brent above $90 a barrel earlier this month. This week's advance was a
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CVX
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- 4/26/24 - Beat
CVX
Sec Filings
- 5/2/24 - Form 10-Q
- 4/30/24 - Form 144
- 4/29/24 - Form 4
- CVX's page on the SEC website