Oil prices inch higher but stay on track for a weekly loss
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2024
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Source: MarketWatch
Oil Prices Trend: Oil futures increased for the third day in a row, but overall prices are down for the week due to a strong U.S. dollar and predictions of excess crude supply next year from the International Energy Agency.
U.S. Inventory Report: Official data showed a rise in domestic crude inventories, which tempered early gains in oil prices, although gasoline and distillate stockpiles saw a decline.
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.
