Oil prices edge lower after closing at 4-month high
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2025
0mins
Source: MarketWatch
Oil Futures Decline: Oil futures experienced a slight decrease after reaching four-month highs, influenced by a significant drop in U.S. crude inventories reported earlier.
Global Supply Concerns: The Biden administration's new sanctions on Russian crude exports have heightened worries regarding global oil supply this month.
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.
