Oil ends lower, with U.S. prices failing to hold above $80 a barrel
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2025
0mins
Source: MarketWatch
Oil Futures Decline: Oil futures fell on Thursday due to a potential cease-fire deal between Israel and Hamas, which alleviated some concerns about global supply risks, despite the agreement facing delays in implementation.
Previous Price Surge: Prices had reached their highest levels since mid-August earlier in the week, driven by a continuous drop in U.S. crude inventories and new sanctions imposed by the Biden administration on Russian crude exports.
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.
