Oil prices climb as traders weigh OPEC and IEA demand forecasts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2025
0mins
Source: MarketWatch
Oil Futures Movement: Oil futures increased on Wednesday after a three-day decline, influenced by U.S. sanctions on Russia and cold weather affecting the U.S. and Europe.
Market Assessments: Traders evaluated new forecasts from OPEC and the International Energy Agency, alongside U.S. data indicating a drop in domestic crude supplies and an increase in product stockpiles.
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.
