Oil prices head for first weekly gain in three on sanctions worries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
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Should l Buy ?
Source: MarketWatch
Oil Price Trends: Oil prices increased at the end of the week due to concerns over potential new sanctions on major producers, despite some negative supply-demand reports.
Market Influences: The rise in oil prices was primarily driven by additional sanctions imposed on Russia by the European Union and considerations of similar measures by Washington.
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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.
