Oil prices head for weekly fall on bets for a ‘looming surplus’, soft China demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 15 2024
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Should l Buy ?
Source: MarketWatch
Oil Price Decline: Oil futures fell on Friday due to expectations of a supply surplus next year, a strong U.S. dollar, and concerns over demand from China, leading to potential weekly losses.
Market Analysis: Analysts indicate that the decline in oil prices is influenced by a looming surplus despite the U.S. economy showing signs of stability.
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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.
