Oil prices begin the week on a down note
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2024
0mins
Source: MarketWatch
Oil Futures Decline: Oil futures ended lower, continuing a trend from the previous week due to a strong U.S. dollar and concerns about demand, especially from China.
Market Impact: Last week, WTI crude fell by 1.9% and Brent by 2.1%, influenced by the Federal Reserve's interest-rate cut and its indication of fewer cuts in the future.
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.
