U.S. oil prices edge lower on weak Chinese retail-sales data
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2024
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Should l Buy ?
Source: MarketWatch
Oil Prices Decline: Oil prices fell on Monday due to renewed concerns about energy demand following disappointing retail sales data from China in November.
Modest Losses After Gains: Despite the decline, the losses were limited as U.S. and global benchmark prices had experienced their largest weekly gains in three weeks prior.
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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.
