Oil prices stuck between geopolitical worries and expectations for surplus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2024
0mins
Source: MarketWatch
Oil Futures Trends: Oil futures are experiencing modest increases due to ongoing geopolitical tensions, particularly related to the Russia-Ukraine conflict and Middle Eastern issues, which are providing market support.
Market Analysis: Analysts note that these geopolitical concerns are helping maintain WTI prices above the $60 mark despite expectations of a crude surplus and uncertain demand outlook.
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.
