Crude Oil Dips Over 4%; OPEC Cuts Global Oil Demand Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
U.S. Stock Market Performance: U.S. stocks showed mixed results with the Nasdaq Composite gaining over 100 points, while the Dow fell by 0.39%. Real estate shares rose by 0.9%, but energy shares dropped by 2% amid a decline in WTI crude oil futures after OPEC revised its demand projections downward.
International Economic Updates: European markets closed lower, with declines in major indices, while Asian markets mostly saw gains. The UK reported a year-over-year rise in regular pay and a decrease in unemployment, whereas Italy and Spain experienced declines in industrial production.
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.
