Oil prices head for first weekly gain in three on sanctions worries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
0mins
Source: MarketWatch
Oil Price Trends: Oil prices increased at the end of the week due to concerns over potential new sanctions on major producers, despite some negative supply-demand reports.
Market Influences: The rise in oil prices was primarily driven by additional sanctions imposed on Russia by the European Union and considerations of similar measures by Washington.
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.
