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Top related persons:
Alberto - 1 Kedia - 1 John Evans - 1 Daniel Yergin - 1 CNBC's - 1 Prateek Kedia - 1 Patrick De Haan - 1
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U.S Long Beach , California Israel Iran Lebanon
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JPMorgan - 2 Beta Operating - 1 Israel - 1 P Global - 1

Search resuls for: "Prateek Kedia"


2 mentions found


☆ Oil prices hold firm as Israel-Lebanon tensions overshadow soft U.S. demand
  + stars: | 2024-06-27 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +2 min
Crude oil futures held firm on Thursday as fears of war between Israel and the Iran-backed militia Hezbollah overshadowed soft U.S. gasoline demand. "The hurricane left a noticeable mark on US gasoline consumption," Prateek Kedia, vice president of global commodities research at JPMorgan, told clients in a research note Wednesday. Here are today's energy prices:But oil still managed to close slightly higher Wednesday, as escalating tensions on the Israel-Lebanon border provided a price floor. Daniel Yergin, vice chairman of S&P Global, told CNBC's "Squawk Box" on Wednesday that Middle East tensions are hanging over the market. He cautioned that oil could spike again, pointing to the April rally when prices broke above $90 per barrel when Israel and Iran teetered on the brink of war.
Persons: Alberto, Kedia, John Evans, Daniel Yergin, CNBC's Organizations: Beta Operating, JPMorgan, Israel, P Global Locations: Long Beach , California, Israel, Iran, U.S, Lebanon
☆ U.S. crude oil on pace for second weekly gain as gasoline demand surges
  + stars: | 2024-06-21 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +1 min
U.S. crude oil was on pace Friday for a second weekly gain in a row, as gasoline demand has surged to post-pandemic highs. Oil prices traded flat Friday morning but are ahead more than 3.6% for the week. Gasoline consumption in the U.S. surged to 9.4 million barrels per day, or bpd, last week, the highest level for that time of year since the Covid-19 pandemic ended, according to JPMorgan. "Gasoline demand in the US has been on a steady rise since the Memorial Day weekend and we expect a further advance as record 71 million Americans are expected to travel during the upcoming July 4th holiday," JPMorgan analyst Prateek Kedia told clients in a research note. Here are today's energy prices:Patrick De Haan, head of petroleum analysis at GasBuddy, said prices at the pump could rise after U.S. oil, gasoline, and distillate stocks all fell for the first time in weeks, indicating stronger demand.
Persons: Prateek Kedia, Patrick De Haan Organizations: JPMorgan Locations: U.S
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