Oil prices head for weekly drop as Middle East fears ease, OPEC+ delays meeting
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 29 2024
0mins
Source: MarketWatch
Oil Market Update: Oil futures experienced a slight rebound but are still expected to face significant weekly losses due to reduced fears of a broader conflict following a cease-fire between Israel and Hezbollah.
OPEC+ Meeting Postponed: The OPEC+ group has postponed its planned meeting originally scheduled for Sunday, now set to take place on December 5.
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.
