Oil heads for biggest weekly gain in 3 weeks as China’s stimulus boosts demand view
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
0mins
Source: MarketWatch
Oil Futures Rise: Oil futures increased due to China's economic stimulus measures improving demand outlook and discussions of new sanctions on key producers affecting supply prospects.
Weekly Gains Expected: Prices are set to achieve their largest weekly percentage gains in three weeks, despite the International Energy Agency's prediction of a significant supply surplus for the next year.
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.
