Oil prices fall as IEA sees global market ‘comfortably supplied’ next year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2024
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Should l Buy ?
Source: MarketWatch
Oil Prices Decline: Oil prices are set to decrease after three consecutive days of gains, influenced by the International Energy Agency's reduced global oil-demand growth estimate for this year and a forecast indicating a well-supplied market for 2025.
Market Influences: Despite a rise in prices on Wednesday due to discussions about potential supply restrictions from Russia and Iran, the overall trend is now downward as demand expectations have shifted.
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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.
