Oil heads for weekly gains on supply worries, but remains stuck in range
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 21 2025
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Source: MarketWatch
Current Oil Market Trends: Oil futures experienced a decline on Friday but are expected to show weekly gains due to ongoing supply concerns, despite struggling to break out of a sideways trading pattern.
Price Stability: Throughout February, oil prices have remained relatively stable, with Brent crude fluctuating around $75 per barrel.
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.
