Oil prices begin week on down note
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2024
0mins
Source: MarketWatch
Oil Futures Decline: Oil futures are trading lower due to a strong U.S. dollar and concerns about demand, especially from China, leading to a decline in crude prices last week with WTI down 1.9% and Brent down 2.1%.
Market Influences: The recent drop in oil prices is influenced by the Federal Reserve's rate cut announcement, which indicated fewer cuts may occur next year than previously expected.
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.
