Oil prices score weekly losses on strong dollar, China demand worries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2024
0mins
Should l Buy ?
Source: MarketWatch
Market Performance: Oil futures remained relatively stable on Friday but experienced losses over the week due to a strong U.S. dollar and concerns about demand, especially from China.
Expert Insight: Stephen Innes from SPI Asset Management highlighted the complexity of factors influencing the oil market beyond surface-level trends.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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.
