Oil inches lower, with U.S. prices failing to hold above $80 a barrel
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2025
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Source: MarketWatch
Oil Futures Decline: Oil futures saw a modest decrease as news of a potential Israel-Hamas cease-fire alleviated concerns over global supply risks, although the agreement is not yet in effect.
Previous Price Surge: Prices had recently reached their highest levels since mid-August due to declining U.S. crude inventories and new sanctions on Russian crude exports by the Biden administration.
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.
