Oil prices fall for the week on bets for a ‘looming surplus,’ soft China demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 15 2024
0mins
Source: MarketWatch
Oil Prices Decline: Oil futures have reached their lowest levels in over two months due to expectations of a supply surplus, a strong U.S. dollar, and concerns about demand from China, leading to a weekly loss in prices.
Market Analysis: Analysts indicate that despite the U.S. economy potentially avoiding a recession, the looming surplus in oil supply is driving prices down.
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.
