Oil prices begin week on down note
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2024
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Should l Buy ?
Source: MarketWatch
Oil Futures Decline: Oil futures are trading lower due to a strong U.S. dollar and concerns about demand, especially from China, leading to a decline in crude prices last week with WTI down 1.9% and Brent down 2.1%.
Market Influences: The recent drop in oil prices is influenced by the Federal Reserve's rate cut announcement, which indicated fewer cuts may occur next year than previously expected.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
