Oil prices on track for weekly loss after OPEC+ fails to soothe supply worries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 06 2024
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Should l Buy ?
Source: MarketWatch
Oil Futures Decline: Oil futures experienced a drop on Friday, heading towards weekly losses following OPEC's decision to delay reversing production cuts, which did not alleviate concerns about a potential crude surplus.
Market Sentiment: Experts indicate that OPEC is currently limited in its ability to influence the market effectively, as stated by Joseph Skyora from Aptus Capital Advisors.
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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.
