Oil prices fall as IEA sees global market ‘comfortably supplied’ next year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2024
0mins
Source: MarketWatch
Oil Prices Decline: Oil prices are set to decrease after three consecutive days of gains, influenced by the International Energy Agency's reduced global oil-demand growth estimate for this year and a forecast indicating a well-supplied market for 2025.
Market Influences: Despite a rise in prices on Wednesday due to discussions about potential supply restrictions from Russia and Iran, the overall trend is now downward as demand expectations have shifted.
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.
